Pending

1542 N Hoover St

Los Angeles CA, 90027

$3,995,000


$757.20 per sqft

Pending

9 Beds

5,276 sqft

Residential

Built in 2024

Buy new and enjoy the benefits of this freshly constructed and 100% LEASED triplex at premium market rental rates. Take advantage of no rent control restrictions, individually-metered utilities, brand new systems, minimal maintenance inside and out, various included warranties, and so much more.Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for investors, ideally situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing residents to experience the best of both vibrant communities. This multi-family gem consists of 2 luxurious townhomes and 1 spectacular upper flat, each boasting meticulous contemporary design by a national award-winning architect, including custom improvements typically only found in custom homes which drove the market setting rental rates.The three unit project is comprised of two nearly identical townhomes (a 4BR/4BA and a 3BR/3.5 BA with a dedicated office) and a 2BR/2BA upper flat each providing ample space for comfortable living. Upon entering these stunning units, you'll be greeted by a sense of style and sophistication. The interior spaces have been thoughtfully designed to create a welcoming atmosphere and maximize both natural light and the unobstructed views from all three units' second story windows and balconies. All three units feature ample private and usable outdoor space. The townhomes each feature private back and side yards, while the upper flat has a dedicated roof deck. Parking for each townhome is located in a private tandem garage, while the upper flat has a dedicated covered surface space.The attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, and custom improvements. These modern amenities not only enhance the functionality of the space but also add a touch of luxe to everyday living.One of the standout features of the upper flat is its massive private rooftop deck with an easily retractable shade canopy, serving as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory.Location is key, and this property truly shines in that regard. Situated in trendy Los Feliz, the Gateway to Los Angeles' burgeoning East Side, the property is adjacent to Silver Lake, and in close proximity to Eagle Rock, and The Parks communities (Echo, Glassell, and Highland) providing residents with easy access to an array of shops, restaurants, cafes, and entertainment options. Immerse yourself in the exciting local culture or take advantage of the nearby outdoor spaces such as Griffith Park and Barnsdall Park.An attractive price per SqFt, Cap Rate, GRM and ACTUAL rents solidify this rare opportunity as a sound investment.

24-381995

MLS ID

April 20, 2024

Listed

May 31, 2024

Updated

Map

1542 N Hoover St
Los Angeles CA, 90027

Interior Features

Total Stories

2


Bedrooms

9


Appliances

Alarm System, Built-Ins, Garbage Disposal, Dishwasher, Ice Maker, Microwave, Dryer, Washer, Refrigerator, Range/Oven, Solar Panels


Laundry Description

Laundry Closet Stacked


Floor Description

Engineered Hardwood


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres


Architectual Style

Architectural


Sewer

In Street

Other Property Details

Area Name

Los Feliz


Days on Market

41


Garage

Yes


Garage Spaces

4


Parking

Carport Attached, Driveway - Combination, Garage Is Attached, Private Garage


Parking Total

6


View

Yes


View Description

City Lights, Hills


County

Los Angeles


Water Source

In Street


Pool

No


Zoning

LAR2

Listing History

Date

Event

Price

5/31/2024

Pending

Listed by Corey Nelson with Robust Real Estate
Listing Contact: 310-927-0095 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/31/2024

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