30
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$785,000
Est. payment /mo
6,568 Sqft Lot
Price Dropped by $64K
6500 S Hoover Los Angeles, CA 90044
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26098653
HOA Y/N No
Year Built 1921
Lot Size 6,568 Sqft
Property Sub-Type Mixed Use
Property Description
6500 S Hoover Street offers a rare opportunity for a neighborhood market operator to acquire a retail location while offsetting a significant portion of the ownership cost with existing residential and storage income. The month-to-month retail tenancy provides flexibility to occupy the storefront shortly after closing or continue collecting income while planning a transition.
The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space.
The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental.
Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.
The property consists of a retail storefront, a detached 3-bedroom, 2-bath residence, and two storage areas situated on a 6,569-square-foot LAC2-zoned corner parcel. The property is legally recognized as a three-unit asset and is improved with two separate buildings, allowing the residential component to operate independently from the commercial space.
The property currently generates income from the retail space, residence, and one storage area, while a second, fully remodeled storage space remains vacant, providing an immediate lease-up opportunity. During marketing preparation, this additional storage area was identified as a separately utilized rental space. While not separately identified as a legal unit, it has historically functioned as an independent storage rental.
Whether acquired by an owner-user or an investor, the combination of immediate cash flow, retail control, and additional lease-up potential creates multiple execution paths without relying on speculative redevelopment or extensive renovation.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6013015009
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=A3zQbr-905Y
Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702
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