4060 S Hoover St, Los Angeles, CA 90037
4060 S Hoover St, Los Angeles, CA 90037
4060 S Hoover St, Los Angeles, CA 90037
3
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$8,250,000
Est. payment /mo
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60 Beds
36 Baths
25,824 SqFt
New

4060 S Hoover St Los Angeles, CA 90037

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David Jones

David Jones

+1(702) 883-8801

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,824 sqft

Price per Sqft $319

MLS Listing ID 26990435

Bedrooms 60

Year Built 1987

Lot Size 0.725 Acres

Acres 0.72

Property Sub-Type Multi-Family

Property Description

4040-4060 S Hoover Street is a substantially renovated 24-unit apartment community in University Park, less than a mile from USC and Exposition Park. The offering consists of three separate parcels sold together as a single package: two 12-unit multifamily parcels (4040 and 4060 S Hoover) and a dedicated parking lot parcel. Two buildings total 25,824 SF on a 31,561 SF lot. Built in 1987 and not subject to LA RSO.Ownership has completed a comprehensive renovation and capital improvement program. Nineteen of 24 units are fully renovated with quartz kitchen countertops, full stainless steel appliance packages, in-unit stackable washer/dryer, hardwood laminate flooring, designer-tiled bathrooms, private balconies, central A/C and heat, and custom paint with faux wood blinds. Five unrenovated units offer additional upside at turnover, and rents on select units remain below market.Major capital improvements include replacement of all windows with dual-glazed, NFRC-certified, Title 24-compliant units, all-new plumbing, and new roofing, with the roof and window work permitted through LADBS. Additional upgrades include a full security camera system, new exterior lighting, hardscaped courtyards, refreshed landscaping, revamped building exteriors, and repaved parking. Both buildings feature secured gated entry and assigned tandem parking. Two former storage areas, one at each building, were converted into modern on-site fitness rooms, an amenity rarely found in comparable vintage product. A RUBS program is in place for water, trash, and sewer.Walk to BMO Stadium, the LA Memorial Coliseum, and the Lucas Museum of Narrative Art, with quick access to the I-110, I-10, and the Metro E Line at Expo Park/USC. Positioned in one of Southern California's most supply-constrained rental markets, the property offers stable, largely renovated income today with meaningful upside as the Exposition Park district continues to transform ahead of the 2028 Olympic Games.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent RE.S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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4060 S Hoover St