7 months on rocket

220 N Hoover St, Los Angeles, CA, 90004

$2,499,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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220 N Hoover St, Los Angeles$2,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage3 spaces
Year Built1914
HeatingDuctless
CoolingWall/Window Unit(s)
FireplaceKitchen
ViewCity Lights
MLS #PW24067859
Lot Size0.12 Acres
StatusActive

About 220 N Hoover St

Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 1914
  • Stories: 2

Listing Office:

  • Office Name: Bricxone Realty, Inc.
  • Office Phone: (714) 261-3236
  • Listing Agent: Elizabeth Ramirez

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile
  • Fireplace: Kitchen

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 3 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Ductless
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Property is off of Temple and Council

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,499,000

Tax Information:

  • Annual Amount: $13,752
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

220 N Hoover St vs Los Angeles

213 DAYS ON ROCKET

+175 Days

$2,499,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24067859

Listing Office:

  • Office Name: Bricxone Realty, Inc.
  • Office Phone: (714) 261-3236
  • Listing Agent: Elizabeth Ramirez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 18, 2021Home Sold
$860,000
Jul 16, 2020Home Sold
$3,375,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,752$1,100,880
2020$3,543$236,563
2019$3,476$231,925
2018$3,072$227,378
2017$3,072$222,921

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,559

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-502880
6
/10

  • Dr. Sammy Lee Medical and Health Science Magnet

  • 3600 Council St

  • 0.28 miles

  • Public Magnet Grades KG-5

school-card-donut-502881
6
/10

  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.34 miles

  • Public District Grades 1-5

school-card-donut-502882
6
/10

  • Frank Del Olmo Elementary School

  • 100 N New Hampshire Ave

  • 0.54 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,729. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 220 N Hoover St

What is the listing price of this property?

The listing price of 220 N Hoover St property is $2,499,000.

What type of property is this?

The property 220 N Hoover St is a condo located in Los Angeles, California, 90004.

Is this property for sale now?

Active Listing: 220 N Hoover St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,752 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 18, 2021 for $860,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 220 N Hoover St is 1914.

Rocket Homes›California›Los Angeles County›Los Angeles›90004›220 N Hoover St

This home is located at 220 N Hoover St in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This home, which was built in 1914, sits on a 0.12 acre lot. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $2,499,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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