7620 S Hoover, Los Angeles, CA 90044

• 12 beds |
• 4 baths

Property Description

Calvary Realty is pleased to present a Section 8backed multifamily investment located at 7620 Hoover Street, Los Angeles, CA, within the Los AngelesLong BeachAnaheim MSA, the second-largest metropolitan area in the nation with a population of 12.9 million. The property is offered at $950,000, representing an existing cap rate of 5.38% and a price per square foot of $256.90, positioning it as an accessible entry point into a highly coveted Los Angeles submarket. Originally built in 1955 with updates in 1965, the asset sits on 0.16 acres and consists of a single two-story concrete building totaling 3,698 rentable square feet across four units. Current physical occupancy is 75%, with stable Section 8 income providing downs ide protection and the opportunity for rental upside through improved operations and lease-up. The property is strategically located near the intersection of S Hoover Street and W 77th Street, offering excellent accessibility just adjacent to Interstate 110, which carries a daily traffic count of approximately 14,011 vehicles. Its central location places it minutes from major demand drivers, including SoFi Stadium, Intuit Dome, LA Live, the Memorial Coliseum, BMO Stadium, 4 miles south of USC, and 10 miles east of LAX. With strong visibility, proximity to major employment and entertainment hubs, and long-term housing demand fundamentals, this offering represents a compelling opportunity to acquire a stabilized income-producing asset with upside potential in one of the most resilient rental markets in the country.

Listing Status:

Active

Date Added:

November 25, 2025

Data Last Updated:

February 7, 2026 at 11:12PM

Listing Office:

CALVARY REALTY INC : 760-534-8135

Listing Agent:

Ta Mara Jones :

MLS ID:

CV25281839

Interior

• A/C: N/K

Exterior

• Pool: N/K

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor6020019026

Financial

• Source: California Regional MLS