Sold for $700,000

Listed by: Keller Williams Pacific Estate • Travis Hall • Contact: 562-513-7800

Bought with: NONMEMBER MRML

Tax assessed value

$700,000

8114 S Hoover St, Los Angeles, CA 90044

6beds

3baths

2,157sqft

Triplex

Built in 1922

-- sqft lot

$803,000 Zestimate^®

$325/sqft

$2,767 Estimated rent

Home value

$803,000

$731,000 - $883,000

$2,767/mo

Zestimate^® history

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$2,767/mo

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$4,509/mo

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What's special

Welcome to this charming triplex located in South Los Angeles, ideal for any investor seeking for another source of rental income. This property comprises three rental units in two separate buildings. The front two units are 2 bedroom 1 bath and share 1 common wall. The back unit has 2 bedrooms and 1 bathroom and is separate from the front. All units have their own laundry hook ups inside. The detached carport fits 3 vehicles and has a security gate connecting to the alley. The front security gate has 2 entrances for residents. Updates have been made in recent years. The property has been taken care of and has excellent tenants who lease month to month. This multifamily property is just a short distance to the 110 and 105 freeways, SoFi Stadium, USC, and DTLA. This up and coming neighborhood has new construction nearby and is in the path of progress in LA. Seller will not remove tenants. Please do not disturb the tenants and make offers subject to inspection.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Appliances

Laundry: Washer Hookup, Gas Dryer Hookup

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 2,157
Total interior livable area: 2,157 sqft

Property

Parking

Total spaces: 6
Parking features: Detached Carport
Garage spaces: 3
Carport spaces: 3
Covered spaces: 6

Features

Levels: One
Stories: 1
Entry location: /
Pool features: None

Lot

Size: 7,002 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 6032023012
Zoning: LAR3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Spanish
Property subtype: Triplex
Attached to another structure: Yes

Materials

Roof: Flat

Condition

Turnkey
New construction: No
Year built: 1922

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Electricity Connected, Natural Gas Available, Water Connected

Community & HOA

Community

Features: Biking, Urban

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $325/sqft
Tax assessed value: $700,000
Annual tax amount: $8,872
Date on market: 6/14/2024
Cumulative days on market: 19 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,VA Loan
Total actual rent: 5732
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
10/2/2024	Sold	$700,000+0.1%$325/sqft
Source: CRMLS #PW24121581 Report a problem
8/9/2024	Pending sale	$699,000+5.1%$324/sqft
Source: CRMLS #PW24121581 Report a problem
8/24/2019	Listing removed	$665,000$308/sqft
Source: The Realestate Group #SB19078421 Report a problem
7/6/2019	Price change	$665,000-2.9%$308/sqft
Source: The Realestate Group #SB19078421 Report a problem
6/28/2019	Price change	$685,000+3%$318/sqft
Source: The Realestate Group #SB19078421 Report a problem
5/7/2019	Pending sale	$665,000$308/sqft
Source: The Realestate Group #SB19078421 Report a problem
4/30/2019	Listed for sale	$665,000-5%$308/sqft
Source: The Realestate Group #SB19078421 Report a problem
2/12/2018	Listing removed	$699,900$324/sqft
Source: The Realestate Group #SB18012718 Report a problem
1/19/2018	Listed for sale	$699,900+42.8%$324/sqft
Source: The Realestate Group #SB18012718 Report a problem
9/8/2016	Sold	$490,000-1.8%$227/sqft
Source: Public Record Report a problem
6/19/2016	Pending sale	$499,000$231/sqft
Source: OPTION ONE REALTY & INVESTMENT #CV16102102 Report a problem
5/14/2016	Listed for sale	$499,000+63.6%$231/sqft
Source: OPTION ONE REALTY & INVESTMENT #CV16102102 Report a problem
6/23/2010	Sold	$305,000+2%$141/sqft
Source: Public Record Report a problem
4/7/2010	Price change	$299,000-8%$139/sqft
Source: American Team Realty Properties Inc #P727949 Report a problem
3/28/2010	Listed for sale	$325,000+105%$151/sqft
Source: American Team Realty Properties Inc #P727949 Report a problem
1/6/2010	Sold	$158,500-54.8%$73/sqft
Source: Public Record Report a problem
12/18/2008	Sold	$351,000-43.8%$163/sqft
Source: Public Record Report a problem
7/21/2006	Sold	$625,000+86.6%$290/sqft
Source: Public Record Report a problem
7/14/2005	Sold	$335,000$155/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,872 +23.4%	$700,000 +25.6%
2024	$7,190 +1.8%	$557,533 +2%
2023	$7,061 +4.6%	$546,602 +2%
2022	$6,749 +1.4%	$535,885 +2%
2021	$6,659 -0.9%	$525,378 +1%
2020	$6,722	$519,991 +2%
2019	$6,722 +5.5%	$509,796 +2%
2018	$6,372	$499,800 +2%
2017	$6,372 -5.3%	$490,000 +47.3%
2016	$6,731 +55.6%	$332,568 +1.5%
2015	$4,326 +0.6%	$327,574 +2%
2014	$4,302	$321,158 +4.5%
2011	--	$307,296 +20.8%
2010	--	$254,394 -59.3%
2007	--	$625,000 +86.6%
2006	--	$335,000 +70.2%
2005	--	$196,816 +424%
2004	--	$37,563 +1.9%
2003	--	$36,875 +2%
2002	--	$36,153 +4%
2000	--	$34,751