7819 S Hoover Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$699,900
7819 S Hoover Street, Los Angeles, California 90044
0Bed
0Bath
1,400Sqft
4,939Lot
Year Built
1948
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
SR24135148
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $699.9K(25th), sqft - 1400(13th), beds - undefined(50th), baths - undefined(50th).
STANDARD SALE...... Don't missed this great opportunity to own 3 units just minutes from SoFi Stadium this property has a great location close to shops,schools,parks located. All units are 1 bedroom bedrooms and 1 bathroom, these units are in good conditions , this Triplex is perfect for investor or first time buyer
Nearby schools
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.6mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.7mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.7mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.9mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.2mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.3mi
3/10
Loren Miller Elementary School
Public,•K-6•1.6mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.1mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.1mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.0mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.3mi
9/10
Middle College High School
Public,•9-12•3.6mi
Price History
Date
Event
Price
07/03/24
Listing
$699,900
12/08/15
Sold
$270,000
05/05/10
Sold
$200,000
07/16/09
Sold
$141,000
11/01/04
Sold
$256,000
Condition Rating
Fair
The property was built in 1948, making it 76 years old. While the listing description states the units are in 'good conditions,' this likely refers to functionality rather than modern aesthetics or recent renovations. The provided images only show an aged exterior building, offering no visual evidence of the interior, kitchen, or bathroom conditions, styles, or features. Given the age, it's highly probable that major components, including kitchens and bathrooms, are outdated and would require minor updates or repairs to meet current quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Asset: The property is a triplex with three 1-bedroom, 1-bathroom units, offering immediate rental income potential for investors or a significant mortgage offset for first-time buyers.
Prime Location: Strategically located just minutes from SoFi Stadium and close to essential amenities like shops, schools, and parks, enhancing its appeal to potential tenants and buyers.
Good Unit Condition: The description states all units are in 'good conditions,' suggesting minimal immediate renovation needs and a smoother transition for new ownership.
Versatile Buyer Appeal: Explicitly marketed as suitable for both investors and first-time buyers, broadening the potential market and increasing demand.
Standard Sale: Being a standard sale, the transaction process is typically more straightforward and less complex compared to distressed property sales.
Cons
Age of Property: Built in 1948, the property is over 75 years old, which may imply potential for aging infrastructure (plumbing, electrical, roof) that could require future maintenance or upgrades.
Limited Unit Configuration: All three units are 1-bedroom, 1-bathroom, which may limit the tenant demographic and appeal to smaller households or individuals, potentially excluding families.
Local School Ratings: Several nearby elementary and middle schools have lower ratings (2-3), which could be a deterrent for families with school-aged children considering the area.