1337 S Hoover St - Apartments FOR SALE
Los Angeles, CA 90006 |
1337 S Hoover St
Los Angeles, CA 90006
HIGHLIGHTS
- Siejay Apartments is an ideal candidate for a Naturally Occurring Affordable Housing (NOAH) conversion
- 43% of tenants already on vouchers and the remaining rents are below 80% AMI
- Current 2-bedroom rents average ~$1,287, while market comparables exceed $2,200 — presenting over 71% rental upside
- Large 80,888 SF lot, the property offers the potential to add 40–50 Accessory Dwelling Units (ADUs) subject to HCD and city approval
- Located in the heart of Pico-Union, Siejay boasts a Walk Score of 91 and seamless access to the Metro A & E Lines
- Available as a portfolio with three other buildings, Siejay offers true scale for operators seeking to grow within LA’s urban core
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Siejay Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
65664
STORIES
3
YEAR BUILT
1967
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5056-009-021
