8 days on rocket

543 N Hoover St, Los Angeles, CA, 90004

$1,720,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
8 Baths
4,736 SqFt
$363/SqFt
House

Location

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543 N Hoover St, Los Angeles$1,720,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1958
MLS #24460735
Lot Size0.17 Acres
StatusActive

About 543 N Hoover St

DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present 543-545 North Hoover Street, an eight-unit apartment community located just minutes from the vibrant Sunset Junction neighborhood. Nestled in one of Los Angeles' most walkable neighborhoods, this area has experienced a surge in popularity and rental demand, driven by an array of artisanal coffee shops, cafes, local retailers and bars. Constructed in 1958 and 1962, the property features both one and two-bedroom units, with eight on-site parking spaces. Currently, tenants are paying below-market rents compared to similar properties in the area. By renovating the units and aligning rents with market rates, a savvy investor could realize an impressive 83% rental upside, unlocking significant long-term appreciation potential. 543-545 North Hoover Street offers substantial potential rental upside and appreciation in a thriving neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Stories: 2
  • Living Area: 4,736 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: East of Virgil Avenue & South of Melrose Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,720,000
  • Price Per SqFt: $363/SqFt

Tax Information:

  • Annual Amount: $3,170
  • 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

543 N Hoover St vs Los Angeles

8 DAYS ON ROCKET

-30 Days

$1,720,000

+$696.5K More

$363/SqFt

-$278 Less

KEY TAKEAWAY

This property is $696.5K more than the Median Sold Price and $278/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24460735

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Sean Rosenzweig

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: 11/15/2024, 9:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,170$170,718
2020$3,103$168,969
2019$2,942$165,657
2018$2,850$162,410
2017$2,850$159,227

History based on county public records data.

Payment Calculator

$8,652

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,223

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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-435841
7
/10

  • Dayton Heights Elementary School

  • 607 N Westmoreland Ave

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-435842
6
/10

  • Dr. Sammy Lee Medical and Health Science Magnet

  • 3600 Council St

  • 0.50 miles

  • Public Magnet Grades KG-5

school-card-donut-435843
4
/10

  • Lockwood Avenue Elementary

  • 4345 Lockwood Ave

  • 0.63 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,259. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 543 N Hoover St

What is the listing price of this property?

The listing price of 543 N Hoover St property is $1,720,000.

What type of property is this?

The property 543 N Hoover St is a house located in Los Angeles, California, 90004.

Is this property for sale now?

Active Listing: 543 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 $3,170 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 543 N Hoover St has 10 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 543 N Hoover St is 4,736 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 543 N Hoover St is 1958.

Rocket Homes›California›Los Angeles County›Los Angeles›90004›543 N Hoover St

This home is located at 543 N Hoover St in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 4,736 square foot home, which was built in 1958, sits on a 0.17 acre lot. Features: 10 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $1,720,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

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

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