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    900 N Hoover St

    Los Angeles, CA 90029
    • $3,695,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 21-684692
    UPDATED: 87 min ago
    $3,695,000
    • 12
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,662
      SQFT
    • $482
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T21:42:39.757. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/113614858
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    900 N Hoover St Los Angeles, CA 90029

    • Price: $3,695,000
    • Status: Active
    • Updated: 87 min ago
    • MLS #: 21-684692
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    7,662
    SQFT
    $482
    $/SQFT
    1926
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    This trophy six-unit income property offering over a 5% CAP rate, 13.6 GRM and not subject to RSO, is ideally located just blocks from Sunset Junction in trendy Silver Lake. Originally constructed in 1926, then converted to apartments in 2013 and has since undergone a complete renovation with updated systems including roof, plumbing, electrical, and heating and air conditioning. The Sanctum Artiste is an exclusive offering featuring stylishly redesigned units. Each two-bedroom, two-bathroom loft-style unit maintains elements of historical features of stained-glass windows and hardwood floors. All kitchens and baths have been modernized with stainless steel appliances. Washer and dryer in each unit. Gated parking with 8 spots. Fully occupied and separately metered, this is a one-of-a-kind and rare opportunity, not to be missed.
    Exterior Features

    Lot Size Area 6510 Other Structures None Parking Garage Gated Patio Features Patio Open Pool Description None Pool YN No Spa None Spa YN No Style Art Deco Total Parking 8

    Interior Features

    Baths Total 12.00 Common Walls Attached Cooling Central Equipment WasherDryerRefrigeratorHood FanMicrowave Fireplace Rooms None Flooring Hardwood Heating Central Laundry In Unit Windows Stained Or Leaded

    Property Features

    Assessed Total Value 2148775 Complex Name Sanctum Artiste Gross Income 270900 Gross Operating Income 270900 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 188357.00 Number Of Buildings 1 Number Of Units 6 Owner Pays GardenerOther Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 82543 Type Of Units Attached Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jonathan Mogharrabi DRE#02009871 of The Agency.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T21:42:39.757. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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