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$785,000
Est. payment /mo
6,568 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26098653
HOA Y/N No
Year Built 1921
Lot Size 6,568 Sqft
Property Sub-Type Mixed Use
Property Description
6500 S Hoover Street is a mixed-use property consisting of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is configured across two separate buildings with independent access to the residential component. The commercial building provides approximately eleven on-site parking spaces and benefits from prominent Hoover Street frontage.
The property currently generates income from the retail space, residence, and one storage area, while a second storage space is vacant. During preparation of the offering, this additional storage area was identified as a separately utilized rental space, providing an immediate lease-up opportunity without affecting the existing tenancy.
The investment is particularly well suited for a neighborhood market operator seeking to occupy the commercial space. The month-to-month retail tenancy allows a buyer to recover possession if desired, while the residential rental and storage income help offset ownership costs from day one. This combination provides flexibility for both owner-users and investors while preserving existing cash flow during any commercial transition.
The property currently generates income from the retail space, residence, and one storage area, while a second storage space is vacant. During preparation of the offering, this additional storage area was identified as a separately utilized rental space, providing an immediate lease-up opportunity without affecting the existing tenancy.
The investment is particularly well suited for a neighborhood market operator seeking to occupy the commercial space. The month-to-month retail tenancy allows a buyer to recover possession if desired, while the residential rental and storage income help offset ownership costs from day one. This combination provides flexibility for both owner-users and investors while preserving existing cash flow during any commercial transition.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6013015009
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=A3zQbr-905Y
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Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702
NEARBY SCHOOL & BUSINESS
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Devin McNichol & Aaron Bernbach
Agent | License ID: 02038322
Agent License ID: 02038322