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1145 N Hoover St, Los Angeles, CA 90029

List Price: $2,050,000On Market FlagOn market
Apr 16, 20255,048 sqft9 beds7 baths
Listed by: Timothy Xu
License #: 01703821
Phone #: 310-227-1001
Compass
Source:
CRMLS Logo
MLS #: 25523781

Property Description

Welcome to 1145 N. Hoover St, a fully-leased 7-unit apartment building located in the prime East Hollywood/Silver Lake area. Situated in a vibrant neighborhood renowned for its diverse community, hip culture, and artistic vibe, this property offers a unique blend of artistic expression, outdoor beauty, community spirit, and urban convenience, making it a desirable place to call home for many residents. Some of the benefits of living in East Hollywood/Silver Lake include its close proximity to downtown Los Angeles, providing easy access to major freeways, public transportation, and cultural attractions. The property is also conveniently located near Sunset Junction, Erewhon Market, and the Vermont/Santa Monica Metro, offering residents a mix of urban living and a laid-back atmosphere. Built in 1963, this exceptional commercial real estate opportunity boasts several key attributes: 7 units consisting of 2 two-bedroom, one-bathroom units and 5 one-bedroom, one-bathroom units, 2 floors, Zoning: LAR2 and 7 designated parking spaces available on the premises, total living area of 5,048 sq feet, and Soft-Story Retrofitted. This well-maintained property presents a variety of desirable unit configurations, ensuring a versatile rental income stream. The property's convenient location and ample parking spaces contribute to its appeal to potential tenants, ensuring consistent occupancy levels. Ideal for investors seeking a lucrative real estate opportunity.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$29,316

TurboHome Estimated Value

$2,002,200

$397 sqft

High Valuation
$2,102,310
$416/sqft
Normal Valuation
$2,002,200
$397/sqft
Low Valuation
$1,902,090
$377/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$397/sqft$2,002,200

Neighborhood: Silver Lake

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Comparative Value

$1.41M

$1.55M

$2.05M

$2.10M

$2.15M

1167 N Kingsley Dr, Los Angeles, CA 90029

Sale Price: $1,410,000

Selected Comparable

4563 Fountain Ave, Los Angeles, CA 90029

Sale Price: $1,550,000

Selected Comparable

1145 N Hoover St, Los Angeles, CA 90029

List Price: $2,050,000

Subject Property

1613 Hillhurst Ave, Los Angeles, CA 90027

Sale Price: $2,100,000

Selected Comparable

3845 Tracy St, Los Angeles, CA 90027

Sale Price: $2,150,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1145 N Hoover St, Los Angeles, CA 90029

1145 N Hoover St, Los Angeles, CA 90029

List: $2,050,000

Listed: 4/16/2025

Area:5,048 sqft
Price/sqft:$406
Beds:9
Baths:7
Year Built:
Lot Size:6,004

Comparable Properties

COMPARABLE
Choose comps
3845 Tracy St, Los Angeles, CA 90027

3845 Tracy St, Los Angeles, CA 90027

Sale: $2,150,000

7/28/20251.13 mi

Area:4,962 sqft
Price/sqft:$433
Beds:8
Baths:7
Year Built:
Weight:30.6%
4563 Fountain Ave, Los Angeles, CA 90029

4563 Fountain Ave, Los Angeles, CA 90029

Sale: $1,550,000

7/24/20250.30 mi

Area:5,624 sqft
Price/sqft:$276
Beds:8
Baths:8
Year Built:
Weight:26.4%
1167 N Kingsley Dr, Los Angeles, CA 90029

1167 N Kingsley Dr, Los Angeles, CA 90029

Sale: $1,410,000

7/31/20251.03 mi

Area:6,176 sqft
Price/sqft:$228
Beds:10
Baths:6
Year Built:
Weight:21.5%
1613 Hillhurst Ave, Los Angeles, CA 90027

1613 Hillhurst Ave, Los Angeles, CA 90027

Sale: $2,100,000

11/18/20240.59 mi

Area:4,418 sqft
Price/sqft:$475
Beds:8
Baths:8
Year Built:
Weight:21.5%

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