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4302 S Hoover StreetLos Angeles, CA 90037

For Sale

$1,549,000

Smart Buyer Rebate $15,490

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.

Full MLS Disclaimers

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.