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$2,300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 13 hours ago
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Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

Full Property Details for 4504 S Hoover St

General

  • Price: $2,300,000
  • HOA FEE: $5,500
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26986497
  • Updated: 9/14/2026
  • Added to Site: 1 day(s) ago

Interior

  • Rooms/Areas: Primary Bedroom, Dining Area
  • Cooking Appliances: Gas/Electric Range
  • Flooring: Tile, Wood Laminate

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Bathroom Features: Tile, Shower Over Tub

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: Community, Laundry Area

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Other Features: None

Exterior

  • Deck/Patio: None

Parking

  • Garage Description: Driveway, On street

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Cross Streets: Hoover St & W 45th St
  • Driving Directions: Southeast corner of Hoover St & W 45th St. From the 110, exit Vernon Ave west to Hoover, north to property.

Heating & Cooling

  • Cooling Type: Ceiling Fan, Window Unit(s)
  • Heating Type: Wall Gas

Utilities

  • Sewer: In Connected and Paid
  • Water: Meter on Property, Public
  • Trash: 500

Structural Information

  • # Buildings: 3
  • Architectural Style: Spanish
  • Exterior Const.: Stucco
  • Roof: Bitumen, Composition, Flat, Shingle
  • Common Walls: Attached
  • Windows: Window Blinds, Screens, French Windows, Drapes/Curtains
  • Disability Access: None
  • Stories/Levels: 2
  • Square Feet: 6,342
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1908
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled
  • Other Struct. Feat.: Balcony

Unit Information

  • Units in Complex: 9
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1501
  • Lot Size: 6540
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 150 x 44
  • Irrigation System: None
  • Zoning: LAC2

Financial Considerations

  • Price Per Sq. Ft.: $362.66
  • Maint. Fee: $5,500
  • Insurance Fee: $12,085
  • Assessment Year: 1908
  • Owner Pays: Gardener, Gas, Water
  • Tenant Pays: Electricity, Gas, Trash Collection
  • Pays Trash: 500

Disclosures and Reports

  • Disclosures/Reports: Rent Control, LA/Owner Related, Owner Has R.E. License, Owner Is Listing Agent, Seller/Owner/Principal RE Licensed, As Is
  • APN: 5018-030-013

Listed by Eric Hecht, Eric Hecht

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Listing agent

— 4504 S Hoover St —

  • Eric Hecht

    Eric Hecht

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4504 S Hoover St

School District:Los Angeles Unified School District
NameGradesDistance
Marguerite Poindexter Lamotte Elementary
4410 Orchard Avenue, Los Angeles, CA 90037
K-50.1 mi
Dr. James Edward Jones Primary Center
1017 West 47th Street, Los Angeles, CA 90037
PK-20.3 mi
John Muir Middle School, Los Angeles, CA
5929 South Vermont Avenue, Los Angeles, CA 90044
6-81.1 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4504 S Hoover St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/14/2026
Listed
$2,300,000
17.95%
MLS
1/11/2022
Sold
$1,950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4504 S Hoover St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,875
—
$2,110,741
2%
2025
$25,875
3%
$2,069,355
4%
2023
$25,068
90%
$1,991,240
93%
2022
$13,200
1%
$1,031,341
2%
2021
$13,011
-1%
$1,011,164
1%
2020
$13,144
4%
$1,000,820
2%
2019
$12,656
144%
$979,000
184%
2018
$5,193
3%
$344,306
2%
2017
$5,057
4%
$337,556
2%
2016
$4,879
1%
$330,938
2%
2015
$4,821
-2%
$325,968
2%
2014
$4,898
—
$319,584
—
2013
$4,883
—
$318,141
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Eric Hecht, Eric Hecht

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4504 S Hoover St, Los Angeles, CA 90037 (MLS# 26986497) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 4504 S Hoover St is currently listed for $2,300,000 and was received on September 14, 2026. Want to learn more about 4504 S Hoover St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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