4270-4282 S. Hoover Street offers an attractive 8.61 GRM. A mixed use property which consists of (7) 1+1, (1) 2+1, (1) single unit, and (7) retail stores of varying sizes (one non-conforming retail space). All units are separately metered for gas and electric. The property was built in 1916 and is set on 8,664 sq. foot (per assessor) lot. The apartments are subject to rent control, but the retail spaces are not subject to rent control.
The subject is located in a densley populated area near USC, Exposition Park, The Coliseum, mass transit and major freeways. Please do not walk on property or discuss the sale of the subject with tenant. One of the retail units was divided into 2 units.