Executive Summary

EXECUTIVE SUMMARY

The Neema Group of Marcus & Millichap is pleased to present 4315 S Hoover Street, Los Angeles, CA 90034. Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities.

The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units. The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn. There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has its own individual water heater.

Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The subject property is within walking distance to the University of Southern California, Exposition Park, the George Lucas Museum, and the Metro Expo Vermont stop. With a walk score of 82, access to transportation and Downtown Los Angeles, this location attracts both workers and students. The immediate area surrounding the subject-property has a population of over 434,000 in a 3-mile radius.

INVESTMENT HIGHLIGHTS

• There are 14 parking spaces located at the rear of the property. Electricity is separately metered and each unit has it’s own individual water heater.

• High Walk Score of 82, close proximity to USC, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle.

• Vermont Square is a fast growing, vibrant neighborhood, just southwest of Downtown Los Angeles. The immediate area surrounding the subject-property has a population of over 434,000 in a 3-mile radius.

• 4315 S Hoover Street, Los Angeles, CA 90034. Built in 1914, this 6-unit property is located in South Los Angeles between W Vernon Ave & W Martin Luther King Blvd just south of Exposition Park & USC, a location providing easy access to Metro Expo Line, the 110 Freeway, and Downtown Los Angeles nightlife, entertainment, restaurants, and employment opportunities.

• The subject property totals 5,056 SF featuring a unit mix that includes one two-bedroom two-bathroom and five three-bedroom two-bathroom apartment units.

• The majority of rents are currently under-market, providing a true value-add opportunity to capture the 36% rental upside through an interior renovation program when units turn.