GRM 13.1 CURRENT CAP RATE OF 5.7% along with 50% Upside Potential! Amazingly located on the C2 ZONED CORNER LOT of S Hoover and W 56th St directly below USC & Exposition Park, this beautiful, well maintained 4 unit building with great cash flow is the perfect value add you have been waiting for at an incredible value! Property is offered at an extremely low cost per unit of $281K/Unit. Great unit mix of 3 beds and 1 bed + Den, perched at a quiet tree-lined street, half of this great income property's units come fully renovated with open floor plan, brand new kitchen featuring Quartz style countertops, tastefully upgraded bathroom, brand new double pane windows, hardwood-style flooring, and Recessed Lighting. All utilities separately metered, 4,865 SF C2 TOC Tier 2 lot shows promising future development potentials with SoFi Stadium just a few miles down, having easy access to DTLA and with Metro Expo Line.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
