4302 S Hoover Street, Los Angeles, CA 90037

• 5,632 sqft

Property Description

We are pleased to present this well-maintained 8-unit asset delivering exceptionally high day-one cash flow, with an over 9% CAP rate and an ultra-low 7.78 GRM—a true turnkey, low-touch investment. This prime USC property features five oversized 2BR/1BA units and three 1BR/1BA units, along with 1.5 parking spaces per unit, including three additional carports ideal for extra income or an easy ADU conversion. Located just steps from USC, BMO Stadium, and the LA Memorial Coliseum, the building sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, offering exceptional long-term development potential. With a brand-new 2025 roof, strong in-place income, and no deferred maintenance, this is the ultimate “land bank with cash flow” opportunity—priced to sell and sure to move quickly.

Listing Status:

Pending

Date Added:

December 2, 2025 at 06:00AM

Listing Office:

Edgestone Real Estate, Inc. : 213-273-4845

Listing Agent:

Matias Stofenmacher : 8184645707

MLS ID:

PW25268986

Interior

• Laundry: None

Exterior

• Pool: None
• Parking: Parking spaces: 15

Construction

• General: 2

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: LAC25019012031

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Matias Stofenmacher, Edgestone Real Estate, Inc.