Hoover Mixed Use is a well- maintained 21 unit apartment building with two retail spaces sitting on two separate lots with separate APN’s. The Hoover building located near Downtown Los Angeles, in the Pico Union area Koreatown adjacent. The property is situated on Hoover Street near the corner of Hoover & Venice. It is a 5 minute drive to Downtown, Koreatown and The University of Southern California. Nearby attractions includes Staple Center, LA Live, LA Memorial Coliseum, LA Convention Center, Downtown Fashion & Flower Districts, and Pershing Square. Rite-Aid, 7-Eleven and Food 4 Less are all within walking distance of the property. This investment property enjoys high visibility and is centrally located to many residences and businesses within the area. The property sites on approximately 12,880 square feet of land and is zoned LAC2, making this site ideal for potential development. Hoover Mixed- Use is an excellent investment opportunity that offers solid appreciation potential and upside in all rents. Additionally, the building offers increased income potential to value- add investors based on future upgrades, as a stabilized investment, it would be a great addition to any apartment- retail portfolio.
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