8719 Hooper Ave is a value add 4-Plex comprised of two Duplex buildings. Plans for (2) 3-Bed/2-Bath ADUs have been stamped and approved by the County of Los Angeles Planning Department. This 4+2 Unit Building is located in an unincorporated part of Los Angeles County with plenty of upside for an investor or owner/user looking to increase the value. This value add apartment is located in the 90002 zip code and priced under $800k. The property would immediately operate at a 7.33% cap rate and 10.58 GRM including construction costs!The subject property has a unit mix of (3) 1-Bed/1-Bath, (1) 2-Bed/1-Bath and (2) 3-Bed/2-Bath planned ADU units. This property operates above a 10% Cap rate and 5 GRM at market. One unit will be delivered tenant ready, providing the buyer the opportunity to owner-occupy and rent the others. Adjacent to the 105 and 110 Highways, 8719 Hooper has easy access to any part of the city.
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DAYS ON MARKET
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6
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LAST UPDATED
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9/15/2022
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YEAR BUILT
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1923
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COMMUNITY
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Los Angeles (County)
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COUNTY
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Los Angeles
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STATUS
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Sold
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
Los Angeles (County) |
| LOT |
8934 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| WATER |
Public |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/24 8:31 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2024.
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