We are pleased to present a 2-unit mixed-use property located on 6804 S Hoover St in Los Angeles. Situated on S Hoover St, the property offers great foot traffic and store frontage visibility and is also located five blocks west of the 110 Freeway. Strategically positioned in one of the densest rental markets in Los Angeles, the property caters to hundreds of thousands of tenants and potential customers in the neighborhood and is easily accessible to a number of metro bus stops. The property consists of two separate structures, with the front commercial building consisting of 528 SF with a 672 SF two-bedroom one-bathroom house in the rear, built in 1929 and 1927 respectively, situated on a 5,171 SF LAC2 zoned lot. With the front commercial unit VACANT, the property provides a unique opportunity for multiple strategies. Firstly, an owner-user could operate out of the commercial unit and live in the residential unit. Secondly, an owner-user could operate out of the commercial unit and rent out the residential unit. Thirdly, the next owner could also renovate and re-rent the commercial and residential unit and operate at a 7.10% cap rate. Contact the listing broker for additional information.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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