For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $770,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22185694
Sold Date 09/15/22
HOA Y/N No
Year Built 1923
Lot Size 8,934 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Co - Los Angeles (County)
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Dog Park, Hiking, Rural
Total Parking Spaces 15
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6043002036
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
GET MORE INFORMATION