$3,495,000

171 S Hoover, Los Angeles, CA 90004

  • 13 beds |
  • 11 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon7,484sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

171 S Hoover St is a 2025-built, NON-RENT-CONTROLLED luxury 6-unit investment opportunity located between Silver Lake, Echo Park, Koreatown and Downtown Los Angeles. The property is 100% leased at market rents and delivers a strong 5.73% real cap rate with $251,760 in annual gross potential income, offering an investor immediate, stabilized cash flow from day one. Spanning nearly 7,200 square feet, Hoover features an exceptional oversized unit mix with three large 4-bedroom units, one 3-bedroom unit and two spacious 2-bedroom units. The residences boast tenant-friendly floorplans that live more like private homes than traditional apartments. Each unit offers high-end modern finishes including large kitchen islands, floor-to-ceiling windows, walk-in closets, central HVAC, in-unit washers and dryers, and expansive private balconies. The location provides tenants with convenient access to major entertainment, healthcare and employment centers, including Netflix, Paramount Studios, Kaiser Permanente Los Angeles Medical Center and Sunset Gower Studios. Centrally positioned near Hollywood, Koreatown, Los Feliz and Silver Lake, providing residents with easy access to some of Los Angeless best shopping, dining, nightlife and entertainment. With newer construction, no rent control, fully stabilized market rents, oversized units, and strong day-one income, 171 S Hoover offers a rare opportunity to acquire a turnkey multifamily asset in one of LAs most active rental markets.

Listing Status:
Active
Date Added:
September 23, 2026
Data Last Updated:
October 9, 2026 at 7:11AM
Listing Office:
Myunits.com Inc. : 844-698-6487
Listing Agent:
Lauren Cearley : 213-302-8662
MLS ID:
BB26208194
  • A/C: Central Forced Air
  • General: N/K
  • Pool: N/K
  • General: 3 Story
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Builder5501018016
  • Source: California Regional MLS

This listing courtesy of Lauren Cearley , Myunits.com Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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