New Listing! Beautiful Four-Plex Property with bright and airy San Francisco-essque charm - List Price $1,490,000
220 South Hoover Street
Los Angeles, CA 90004
List Price: $1,490,000
Potential Rental Income:
Unit #1: $2,300/m x 12 = $27,600/y
*Unit #2: $1,950/m x12 = $23,400/y
Unit #3: $2,300/m x 12 = $27,600/y
Unit #4: $2,300/m x 12 = $27,600/y
**Garages: $200/m x 12 = $2,400/y
TOTAL PROJECTED GROSS INCOME = $108,600 per year.
*Unit #2 is owner occupied and may be delivered vacant at COE. Current market rent for Unit #2 is projected to be ~$2,500/month.
**Garages are currently being used by owner and are not rented but there are for individual 2-car garages and each could be rented for a projected $50/month x 4 garages = $200/month if all garages are rented out.
Contact us for more info! 818-571-9712
This fourplex was built in 1917, and has been lovingly restored into a charming, bright, and airy San Francisco-essque place to live. Each unit features hardwood floors, cove ceilings, crown moldings, a large living room with a faux fireplace, and a full dining room with craftsman built ins.
The kitchens boast 2 door stainless steel refrigerators, dishwashers & restored antique stoves, and there are also washer and dryer hook ups. The bathrooms have subway tile, and more built ins, and the showers have fantastic water pressure. It?s a mix of two 2bd/1bath and two 3 bd/1 bath, and they all have unique features. As examples, unit 224 has a grand stairway with 9 foot windows, and unit 222 has double French doors that can open directly onto the private deck. The deck has a BBQ, fresh basil, a gazebo, great lounging furniture, and friendly neighbors. The deck s built over 4 garages, which have all been recently renovated and could provide additional revenue. A solar project is in progress, which may cover the utility bills for the property.
The Fitzburgh Realty Team