Prime USC investment! This 8-unit apartment building hits the market with over an 8% day-one cap rate plus huge rental upside. Featuring five oversized 2BR/1BA units and three 1BR/1BA units, plus 1.5 parking spaces per unit (three additional carports for extra income or easy ADU conversion), the property offers both strong cash flow and future flexibility. Just steps from USC, BMO Stadium, and the Coliseum, it sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, unlocking incredible long-term development potential. With a brand-new roof (2025) and no deferred maintenance, this is the ultimate land bank with income—priced to sell and won’t last long!
Listed by Matias Stofenmacher
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License #01705003
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Edgestone Real Estate, Inc.
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818-464-5707
Listed by Sebastian Stofenmacher
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License #01328684
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Edgestone Real Estate, Inc.
Last updated November 03, 2025
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Source: CRMLS #PW25186335
Listing Facts
TypeMulti-family
NeighborhoodVermont Square
Days on Prevu93
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/01/2025
Price Decreased
$1,549,000
10/26/2025
Status changed to Active
$1,599,000
10/24/2025
Status changed to Removed from Feed
$1,599,000
10/23/2025
Status changed to Active
$1,599,000
10/23/2025
Price Decreased
$1,599,000
10/22/2025
Status changed to Removed from Feed
$1,639,000
10/10/2025
Price Decreased
$1,639,000
10/05/2025
Status changed to Active
$1,649,000
10/03/2025
Status changed to Removed from Feed
$1,649,000
09/21/2025
Status changed to Active
$1,649,000
09/20/2025
Status changed to Removed from Feed
$1,649,000
09/18/2025
Status changed to Active
$1,649,000
09/17/2025
Status changed to Removed from Feed
$1,649,000
09/12/2025
Status changed to Active
$1,649,000
09/06/2025
Status changed to Removed from Feed
$1,649,000
09/05/2025
Status changed to Active
$1,649,000
09/04/2025
Status changed to Removed from Feed
$1,649,000
08/18/2025
Listed by Edgestone Real Estate, Inc.
$1,649,000
Property Details for 4302 S Hoover Street
Association
Amenities
Community Features: Sidewalks
Exterior
Construction
Number Of Units Total: 8
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1925
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 5,632
Building Area Units: Square Feet
Lot Size Acres: 0.19
Lot Size Area: 8,419
Lot Size Source: Assessor
Lot Size Square Feet: 8,419
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $200,827.00
Operating Expense: $50,996.00
Taxes
Parcel Number: 5019012031
Other
Location
Tax Lot: 121
Parking
Parking
Garage Spaces: 3
Garage: Yes
Open Parking Spaces: 12
Parking Total: 15
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.