32 Units - 760 Hoover Street, Los Angeles, CA
22,640 ft²Multifamily$8,850,000Sale
* Irreplaceable & architecturally unique Art Deco inspired apartment building in the Silver Lake Hills totaling 32 units. * Well-maintained and acquired by the present ownership nearly 40 years ago, this distinctive 1930’s Flatiron designed building was named after the iconic Katherine Hepburn who once lived there along with other famous actors/actresses including Betty Grable. * In the heart of Silver Lake, surrounded by an array of restaurants, cultural and entertainment venues, shopping, and nightlife. * Large Units comprised of Twelve (12) One Bed | One Bath & Twenty (20) Large Single Units estimated at 650 SF for One Beds and 520 SF for Singles * Outstanding Views — Due to an elevated position on Hyperion Avenue, units on the top three floors feature exceptional views of Downtown LA, Griffith Park Observatory, and surrounding city vistas. * Rental upside potentiality of 24% exists through operational efficiencies, key-holder adjustment, new income drivers, design improvements to units and common areas.
* Irreplaceable & architecturally unique Art Deco inspired apartment building in the Silver Lake Hills totaling 32 units. * Well-maintained and acquired by the present ownership nearly 40 years ago, this distinctive 1930’s Flatiron designed building was named after the iconic Katherine Hepburn who once lived there along with other famous actors/actresses including Betty Grable. * In the heart of Silver Lake, surrounded by an array of restaurants, cultural and entertainment venues, shopping, and nightlife. * Large Units comprised of Twelve (12) One Bed | One Bath & Twenty (20) Large Single Units estimated at 650 SF for One Beds and 520 SF for Singles * Outstanding Views — Due to an elevated position on Hyperion Avenue, units on the top three floors feature exceptional views of Downtown LA, Griffith Park Observatory, and surrounding city vistas. * Rental upside potentiality of 24% exists through operational efficiencies, key-holder adjustment, new income drivers, design improvements to units and common areas.