Home | Los Angeles County | Los Angeles | 90044 | 5928 S Hoover St
MLS: CRAR26075542 | Status: | Price: $3,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,557 | 1923 |
7.75% In-Place CAP Rate - ±11.16% Cash-on-Cash Return! 15-Unit Turnkey Investment with 2 Brand New ADUs & RTI Expansion Plans. Heavily Upgraded Single-Story Spanish Mission Style Apartment. Ideal 1031 Exchange Property. Turnkey 15-unit (10 Renovated Units + 2 brand new ADUs) Single-Story apartment building cash flowing at a whopping 7.75% In-place CAP Rate providing over 11% Cash-on-cash return. The Spanish Mission Style property has been completely upgraded with many significant CapEx such as: brand new gate, new exterior paint, 2 brand new ADUs (Not subject to rent control), new dual pane windows throughout, and new minimal landscaping, 10 out of the 13 units have been completely upgraded with high-end finishes. It offers significant upside to 9.38% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscapin
| Field | Value |
|---|---|
| MLS # | CRAR26075542 |
| MLS Source | California Regional MLS |
| Days on Site | 16 |
| Feature | Details |
|---|---|
| Appliances | Hood Over Range, Oven Range - Gas |
| Flooring | Laminate |
| Laundry | None |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Style | Spanish |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: 0 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 15 | – |
School data provided by GreatSchools.org
©2026 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 08, 2026. For the most current information, please contact Handoko Chen.