$10,000

closing credit¹

220 N Hoover St Los Angeles, CA 90004

$2,499,000
0.1 acres
Condo

Property details

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.

Highlights

Home typeCondominium
HeatingDuctless
StatusActive
CoolingWall/Window Unit(s)
Lot size0.1158 Acres
Year built1914
MLS #PW24067859
Garage3 spaces
FireplaceKitchen
ViewCity Lights

Summary

  • MLS Number: PW24067859
  • MLS Name: CRMLS
  • 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: 2/1/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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single story home with a patio area and ac unit

$2,499,000

220 N Hoover St

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 19, 2022
Home Sold
$1,675,000
Mar 18, 2021
Home Sold
$860,000
Jul 16, 2020
Home Sold
$825,000

Tax history

YearAssessmentProperty Tax
2024$1,709,380$21,401
2023$1,675,880$20,952
2022$1,194,280$15,938
2021$1,100,880$13,751
2020$236,563$3,543
2019$231,925$3,476
2018$227,378$3,072
2017$222,921$3,072

History based on county public records data.

Nearby schools

6

Dr. Sammy Lee Medical and Health Science Magnet

Public Magnet KG-5

0.3 mi

3600 Council St

6

Commonwealth Avenue Elementary School

Public District 1-5

0.3 mi

215 S Commonwealth Ave

6

Frank Del Olmo Elementary School

Public District KG-5

0.5 mi

100 N New Hampshire Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,729. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

38%
<35k
52%
35k-100k
10%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

44%
Single, No Kids
17%
Single, with Kids
19%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • PopeyesPopeyes
  • White CastleWhite Castle

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 220 N Hoover St

This home is located at 220 N Hoover St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $2,499,000.

In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.

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

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