The Fitzburgh Realty Team - Glassell Park Real Estate - Northeast Los Angeles Realtor
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220 South Hoover Street
Westlake 90004

220 South Hoover Street
Westlake 90004
List Price: $1,490,000

​
Property Details:

8 beds + 4 baths w- 4,700 sqft total living space
  1. Unit #220: $1,950/m actual x 12 = $23,400/y
  2. Unit #220-1/2: $2,300/m projected x12 = $27,600/y (may be delivered vacant)*
  3. Unit #222: $2,300/m actual x 12 = $27,600/y
  4. Unit #224: $2,300/m actual x 12 = $27,600/y
  5. Garages: $200/m projected x 12 = $2,400/y**
TOTAL ACTUAL + PROJECTED GROSS INCOME = $108,600 per year.

FANTASTIC GRM = 13.72 ($1,490,000 / $108,600 = 13.72)

*Unit #2 is owner occupied and may be delivered vacant at COE. Current market rent for Unit #220-1/2 is projected to be ~$2,300/ month to $2,500/month.
**Garages are currently being used by owner and are not rented but there are four individual garages and each could be rented for a projected $50/month x 4 garages = $200/month if all garages are rented out.

This fourplex was built in 1917, and has been lovingly restored to a charming, bright, and airy San Francisco-esque place to live. 

All units have recently renovated bathrooms or kitchens or both.

Each unit has ~1,175sqft living space and features:
  • Hardwood floors
  • Cove ceilings
  • Crown moldings
  • Large living room with faux fireplace
  • Full dining room with craftsman built-ins.
  • Lots of natural light
  • The kitchens boast 2 door stainless steel refrigerators, dishwashers, restored antique stoves
  • Washer/dryer hook-ups inside each unit
  • The bathrooms have subway tile, built ins, cast iron tubs
  • Showers have fantastic water pressure.
  • All units are 2-bed + 1-bath
  • Two units have front bonus rooms with jalousie windows

Each unit has unique features. Examples:
  • 1 unit has a grand stairway with 9 foot windows
  • 1 unit 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 is built over 4 garages, which have all been recently renovated and could provide additional revenue.
  • Solar panels were recently installed

The neighborhood is centrally located within minutes of Larchmont Village, Downtown, Koreatown, and Los Feliz. Walking distance to grocery shopping, bowling, restaurants, coffee shops, the original Original Tommy's burgers, Langer's Deli, McArthur Park, and The HMS Bounty. The 101 Freeway is blocks away and the 10 Freeway is within 15 minutes drive. 

This fourplex was built in 1917, and has been lovingly restored into a charming, bright, and airy San Francisco-esque 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/dryer hook ups. The bathrooms have subway tile, more built-ins, and the showers have fantastic water pressure. All of the units have 2-bedrooms + 1- bath but two of the units have an additional room that can be used as a small third bedroom or an office or meditation room. All four units are different and 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 is built over on the roof of the four-car garage. NOTE: there are four separate garage bays that have all been recently renovated and could provide additional revenue. BONUS- there are solar panels on the roof of the fourplex that will reduce the electrical bill and reduce operating costs an increase cash-flow for the lucky owner!

​Floor plan measurements are approximate and not guaranteed. The illustration is provided for marketing and convenience only. All information should be verified independently.
UNIT ONE
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UNIT TWO
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UNIT THREE
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UNIT FOUR
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Contact Us Today!
Brian Fitzburgh
818-571-9712
Learn what sets us apart!
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Brian Fitzburgh, Broker/Owner
Cell: (818) 571-9712
Office: (424) 625-0747

Hello@BrokersTrust.com
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2022 Zillow Premier 5 Star Agent in Los Angeles. Parrish Ave., Los Angeles, CA. CalDRE# 01875767. Copyright © 2022 Brokers Trust Real Estate Group. All Rights Reserved.
  • Home
  • About Us
    • Fitzburgh Realty Team >
      • Juan Loza Handyman
    • Brians Resume | Sellers
    • Brians Resume | Buyers
    • Home Tours
    • Testimonials
    • Upcoming Events
  • Search Homes
  • Explore NELA
    • Glassell Park
  • Homes Fur All
    • News
    • Super A Test
    • Bark & Meow Fan Club
    • Concerts in the Park
    • Eagle Rock Bark >
      • ERB Walk At The Bark
      • Eagle Rock Bark 2017
      • Eagle Rock Bark 2018
      • Eagle Rock Bark 2019
    • Glassell Bark >
      • GB Walk At The Bark
      • Glassell Bark 2017
      • Glassell Bark 2018
      • Glassell Bark 2019
    • Glassell Park Easter Egg Hunt
    • GLASSELL PARK TREE LIGHTING >
      • XMAS TREE LIGHTING 2017
      • XMAS TREE LIGHTING 2018
    • Growing Caring Sharing News
    • 4 Weeks 4 Life
    • Fostering Resources
    • Pet Food Drive
    • Pet Resource Guide
    • Pet Adoption Hall of Fame
    • Spread The Word
    • Super Party >
      • Super Party Photos
  • Resources
    • Brian' s Crystal Ball >
      • Brian' s Crystal Ball Appetizer
      • Brian' s Crystal Ball 1st Main
      • Brian' s Crystal Ball 2nd Main
      • Brian' s Crystal Ball Dessert
      • Furball Challenge
    • First Time Homebuyers >
      • Credit Score
      • Down Payment
    • Get Your Loan Pre-Approval
    • Request a Free Market Analysis
    • Mortgage Calculator & Rates
    • How Much House Can I Afford
    • Real Estate Market Trends
    • Neighborhood Search Tools
    • MLS Activity Alert
    • Client Documents & Calendar
    • FAQ
  • Brian's Blog
  • Contact us
    • Coverage Area