9206 Hoover Street, Los Angeles, CA 90044

Property Description

Updated rents in the description. Seller credit to buyer at closing toward closing costs: A well-maintained, pride-of ownership quadruplex nestled in the heart of Los Angeles -- just three miles from SoFi Stadium and centrally positioned between Downtown LA and the beaches. This is a rare opportunity to acquire a fully-occupied, income producing 4-unit property with a proven rent roll and immediate cash flow from day one.Currently under a 2.25% interest VA loan that is assumable, subject to VA and lender approval. The property features a diversified unit mix of one studio, two one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit -- generating $6,635.56 per month. Each unit is separately metered, keeping utility costs with the tenants and maximizing net operating income for the owner. The building also features three one-car garages and one carport, with tandem parking available in front of each space -- a premium amenity in the South LA rental market that reduces vacancy.The property has been remodeled and well maintained, offering investors a true pride-of-ownership asset without deferred maintenance. Units feature open floor plans, washer/dryer hookups, and a welcoming aesthetic. The 2-bedroom unit is a standout -- spacious, functional, and among the most in-demand floor plans in this submarket.Strategically located in Vermont Vista, this address sits within reach of major transit corridors, including Harbor Freeway Station (1.9 miles away), and is minutes from Los Angeles International Airport (7.6 miles), local shopping, and restaurants. Whether tenants commute to Downtown, the Westside, or the South Bay, this location delivers.For the investor, this property checks every box: stable tenancy, diversified unit mix to spread vacancy risk, no shared utilities, and off-street parking. One unit is under a lease through 1/31/2027; the remaining three are month to month. Buyer to verify all rent regulation and rental history during due diligence.