Date
Details
Price
Change
Source
4/08/2026
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$3,500,000 Just Listed
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1/21
Property Description
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 landscaping, and 10 of the units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units.
It is centrally located in a highly desirable area just minutes away from the home of LAFC our city's premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies.
The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.
Full Property Details
Full Property Details for 5928 S Hoover St
General
- Price: $3,500,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: AR26075542
- Updated: 4/8/2026
- Days on Market: 3 days
- Added to Site: 3 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Refrigerator, Range Hood, Gas Range
- Flooring: Vinyl, Wood, Laminate
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: None
- Parking: None
Location
- Area: C34 - Los Angeles Southwest
- County: Los Angeles
- Development Name: C34 - Los Angeles Southwest
- Driving Directions: 110 FWY, EXIT SLAUSON GO WEST AND THEN SOUTH ON HOOVER ST.
- Direction Faces: West
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 15
- # Electric Meters: 15
Structural Information
- Architectural Style: Spanish
- Roof: Flat
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 6,709
- Year Built: 1923
Unit Information
Unit 1
- Number of Units: 10
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 5
- Total Bathrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.2424
- Lot Size (Sq. Ft.): 10,557
- Lot Size Source: Assessor
- Lot Description: Level with Street, Rectangular Lot, Level, Near Public Transit, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $521.69
- Price Per Unit: 233333
Listed by Growth Investment Group Pasade, Handoko Chen
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 5928 S Hoover St —
Handoko Chen
Growth Investment Group Pasade
han.chen@growthinvestmentgroup.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5928 S Hoover St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Sixty-First Street Elementary School 6020 South Figueroa Street, Los Angeles, CA 90003 | K-6 | 0.4 mi |
John Muir Middle School, Los Angeles, CA 5929 South Vermont Avenue, Los Angeles, CA 90044 | 6-8 | 0.4 mi |
Augustus F. Hawkins High A Critical Design And Gaming 825 West 60th Street, Los Angeles, CA 90044 | 9-12 | 0.1 mi |
Augustus F. Hawkins High B Community Health Advocates 825 West 60th Street, Los Angeles, CA 90044 | 9-12 | 0.1 mi |
Augustus F. Hawkins High C Responsible Indigenous Social Entrepreneurship 825 West 60th Street, Los Angeles, CA 90044 | 9-12 | 0.1 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 5928 S Hoover St
Estimate the Cost
Estimate the Cost for 5928 S Hoover St
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- Commercial Multi-Family
- Active
- Updated 2 days ago
- 6,060Sq. Ft.
- 0.1398Acres
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 4Total Baths
- 2,621Sq. Ft.
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- Single Family
- Active
- Updated 4 hours ago
- 3Beds
- 2Total Baths
- 963Sq. Ft.
- Townhouse
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,204Sq. Ft.
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5928 S Hoover Street, Los Angeles, CA 90044 (MLS# AR26075542) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 5928 S Hoover Street is currently listed for $3,500,000 and was received on April 08, 2026. Want to learn more about 5928 S Hoover Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.