• Active | 5318 S Hoover Street Los Angeles, CA 90037 0
  • Active | 5318 S Hoover Street Los Angeles, CA 90037 1
Listing Agent: Ardy Ishal, Listing Office: BRC Advisors- BH, MLS Data Source: CRMLS
     
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5318 S Hoover Street

Los Angeles, CA 90037

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  • 2 Baths
  • 0.33 Acres
Active

$5,195,000

 
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Description

RTI Affordable Housing Development to build 57 units...Unique opportunity to acquire shovel-ready vacant land...Ready-to-issue permits (RTI) - Can start construction immediately - No tenants to relocate / no demolition expenses...permitted with ZERO parking spaces allowing for a tremendous construction-cost savings and speedy construction timeline...engineered for efficiency and designed to be built read more economically...Projected Profit: $13,300,000 (see financial overview in OM)...can be sold together with 4345 Woodlawn Ave. (RTI to build 33 units) or can be sold separately

Change History

  • Date
    Details
    Change
  • Jul 19th, 2022
    Price increased from $229,000 to $6,295,000
    Status changed from Closed to Active
    $6,066,000 (2648.91%)
  • Oct 27th, 2022
    Price reduced from $6,295,000 to $5,195,000
    $1,100,000 (17.47%)

Interior Details

Beds & Baths

  • Bathrooms: 2

Property Details

Measurements

  • Acres: 0.3323

Construction Details

Type & Style

  • Property Type: Purchase

Community and Neighborhood Details

Location

  • County: Los Angeles

Financial Details

Pricing Details

  • Original List Price: $6,295,000
  • Selling Office Commission: 2.500

Other

Source

  • MLS #: 22180559

The information contained in this listing has not been verified by us or the MLS and should be verified by the buyer.
Listing Agent: Ardy Ishal, Listing Office: BRC Advisors- BH, MLS Data Source: CRMLS

Last Updated: Oct 27th, 2022. Source: CRMLS

Location

5318 S Hoover Street Los Angeles, CA 90037
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