Property Details.

Price $7,895,000

Year Built 2019

# of Units 11

Price P/ Unit $745,455

Sq. ft. 11,143

Price p/ Sq. ft. $736

Current Cap Rate 4.41%

Proforma Cap Rate 4.41%

Lot Size 15,004

Zoning LAR2 & LAR3

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563 North Hoover Street
Los Angeles, CA 90004

About the Property.

The Kenny Stevens team is pleased to present 563 N. HooverStreet, a newly constructed 11 unit multi-family building located in one of LA’s trendiest neighborhoods. This street-to-street double lot comprises two addresses: 563 N. Hoover and560 N. Commonwealth. With an impressive condo-quality build, this asset boasts an attractive unit mix of (7) three-bedroom units, (1) two-bedroom unit, and (3) one-bedroom units. These units are equipped with high-end appliances, luxurious finishes, state-of-the-art technology/security system, and spectacular views of the Hollywood Hills and DTLA. Located near an abundance of popular boutiques and eateries, this investment property provides a great long-term opportunity for any type of investor.

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