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High ROI Investment Property for Sale

Two Building Portfolio

5700-5710 Hoover Street

Los Angeles, CA 90037


Price: $2,700,000.00
Type: Special Purpose
Year Built: 1939
Bedrooms: 17
Bathrooms: 16
Sq. Ft.: 10,617
Sq. Ft. of Land: 11,282
Capitalization Rate: 9.00%
Gross Rent Multiplier: 10.94
Price / Sq. Ft.: $254
• Leased until 2026 to Open Arms Temporary Living
• Great Cash Flow with an average cap rate of 9%
• 87 resident capacity plus staff
• Approximately 17 bedrooms,16 bathrooms,kitchen,
laundry room, kitchen & several multi-purpose rooms
• Stable income stream in the City of Los Angeles
• On the south-east corner of Hoover and 57th St
• 1 Block West of Figueroa & 2 Blocks North of Slauson
• Easy Access to the 110 FWY
• Across the street from St John’s Well Child and Family
Call Jon Varsano at 424.258.5680 or Contact Us for more info

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