Property Details.

The Kenny Stevens Team is pleased to present 563 N. Hoover Street & 560 N. Commonwealth Avenue, a newly constructed 11-unit trophy asset in one of LA’s trendiest neighborhoods. This amazing long-term investment opportunity is comprised of an attractive mix of condo-quality three-bedrooms, two-bedrooms and one bedroom units sitting on a street-to-street double lot.  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.

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%

Current GRM 15.44%

Proforma GRM 15.44%

Lot Size 15,004

Zoning LAR2 & LAR3

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563 North Hoover Street
Los Angeles, CA 90004

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