Sold for $1,500,000

Listed by: Edgestone Real Estate, Inc. • Matias Stofenmacher • Contact: 818-464-5707

Bought with: Visionaire Real Estate

$1,500,000

4302 S Hoover St, Los Angeles, CA 90037

14beds

8baths

5,632sqft

Multi Family

Built in 1925

-- sqft lot

$1,508,200 Zestimate^®

$266/sqft

$3,048 Estimated rent

Home value

$1,508,200

$1.37M - $1.66M

$3,048/mo

Zestimate^® history

Owner options

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$3,048/mo

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$3,048/mo

Rent Zestimate^®

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$9,558/mo

Est. payment

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$9,558/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 8

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,632
Total interior livable area: 5,632 sqft

Property

Parking

Total spaces: 15
Parking features: Garage
Garage spaces: 3
Uncovered spaces: 12

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 8,419 Square Feet

Details

Parcel number: 5019012031
Zoning: LAC2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1925

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $266/sqft
Date on market: 12/2/2025
Cumulative days on market: 125 days
Listing terms: Cash to New Loan
Total actual rent: 16948

Price history

Date	Event	Price
1/7/2026	Sold	$1,500,000-2.5%$266/sqft
Source: CRMLS #PW25268986 Report a problem
12/24/2025	Pending sale	$1,539,000$273/sqft
Source: CRMLS #PW25268986 Report a problem
12/2/2025	Listed for sale	$1,539,000$273/sqft
Source: CRMLS #PW25268986 Report a problem