$3,400,000
-$100,0005928 S Hoover Street, Los Angeles CA 90044
Multi-Family (15 Units)
Property type
58 days
On market
$507
Price per sqft
0 cars
Garage
1923
Year built
10,557 sqft
Lot size
Home highlights
Open Houses
Overview
Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have...
Listing provided by: Handoko Chen DRE #01749321, Growth Investment Group Pasade
Listing updated: May 27, 2026 at 10:52pm.
Last checked: Jun 2, 2026 at 09:00am
Source: CRMLS #AR26075542
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 10 | 1 | 1 | — | $1,935 | $19,354 | $24,070 | Unfurnished |
| 5 | 0 | 1 | — | $2,230 | $11,149 | $11,490 | Unfurnished |
# of Buildings: 3
# of Units Total: 15
Separate Electric Meters: 15
Separate Gas Meters: 15
Separate Water Meters: 1
Ranges: 15
Refrigerator: 15
Rent Control: Yes
Units Leased: 15
Total Actual Rent: $30,503
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
9.3x
List Price / Annual Gross Rent
Cap Rate
8.01%
NOI / List Price
Gross Scheduled Income: $366,732
Vacancy Allowance Rate: 3%
Operating Expense: $84,457
Net Operating Income: $272,460
Annual Operating Expenses
Insurance: $8,028
New Taxes: $40,371
Professional Management: $14,229
Trash: $0
Water / Sewer: $0
Interior
Flooring: Laminate, Vinyl, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Gas Range, Refrigerator, Range Hood
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Architectural Style: Spanish
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Flat
Construction Materials: Stucco
Property Condition: Repairs Cosmetic, Updated Remodeled
Common Walls: Two Common Walls Or More
Direction Faces: West
Lot Features: Level, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Not Available, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: None
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 6004031040
Additional Parcels: No
Tax Lot: 19
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 5928 S Hoover Street, Los Angeles, CA 90044. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,720,000
Total Interest
$3,469,210
Total Payment
$6,189,210
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$20,884
per month
Property History for 5928 S Hoover Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90044.
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