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    971 S Hoover St

    Los Angeles, CA 90006
    • $3,690,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20-655904
    UPDATED: 37 min ago
    $3,690,000
    • 31
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,847
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Description

    BUY AND BUILD. NON RENT CONTROLLED*. FULLY RTI AND SHOVEL READY NOW: BUILDING PERMITS PAID! ABOVE GRADE CONSTRUCTION.DELIVERED VACANT. Development opportunity for 39 Apartment units in an excellent Koreatown location with the first parking level going down only 5 feet of excavation and the balance of the construction to be built ABOVE GRADE! 25(+3) Parking spaces on 2 levels, plus 5 levels of residential and a roof deck. Very efficient design for a Class A apartment building project geared towards the affluent Millennial population of the LA area. Washer/Dryer in each unit. Land is 9,463 sf, Zoned R4-1 TOC TIER 3. Walk Score 94. NO RSO. NO ELLIS. NO LINKAGE FEE. *4 units are affordable. 35 units are NON RENT CONTROLLED. All rent amounts are estimated projections.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111634651
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    971 S Hoover St Los Angeles, CA 90006

    • Price: $3,690,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 20-655904
    31
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    27,847
    SQFT
    $133
    $/SQFT
    2020
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    BUY AND BUILD. NON RENT CONTROLLED*. FULLY RTI AND SHOVEL READY NOW: BUILDING PERMITS PAID! ABOVE GRADE CONSTRUCTION.DELIVERED VACANT. Development opportunity for 39 Apartment units in an excellent Koreatown location with the first parking level going down only 5 feet of excavation and the balance of the construction to be built ABOVE GRADE! 25(+3) Parking spaces on 2 levels, plus 5 levels of residential and a roof deck. Very efficient design for a Class A apartment building project geared towards the affluent Millennial population of the LA area. Washer/Dryer in each unit. Land is 9,463 sf, Zoned R4-1 TOC TIER 3. Walk Score 94. NO RSO. NO ELLIS. NO LINKAGE FEE. *4 units are affordable. 35 units are NON RENT CONTROLLED. All rent amounts are estimated projections.
    Exterior Features

    Lot Size Area 9463 Other Structures None Parking Garage Above Street Level Total Parking 27

    Interior Features

    Baths Total 40.00 Cooling None Equipment None Heating None

    Property Features

    Gross Income 984468 Gross Operating Income 984486 Like Units1 39 Net Operating Income 1.00 Number Of Buildings 1 Number Of Units 39 Sale Type Standard Source Living Area Builder Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 1 Type Of Units Apartments Year Built Source Estimated Zoning Lar4

    Listing provided courtesy of Tannaz Kamran-Rahbar DRE#00951232 of Keller Williams Rlty Brentwood.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211