8719 Hooper Ave is a value add 4-Plex comprised of two Duplex buildings. Plans for (2) 3-Bed/2-Bath ADUs have been stamped and approved by the County of Los Angeles Planning Department. This 4+2 Unit Building is located in an unincorporated part of Los Angeles County with plenty of upside for an investor or owner/user looking to increase the value. This value add apartment is located in the 90002 zip code and priced under $800k. The property would immediately operate at a 7.33% cap rate and 10.58 GRM including construction costs!
The subject property has a unit mix of (3) 1-Bed/1-Bath, (1) 2-Bed/1-Bath and (2) 3-Bed/2-Bath planned ADU units. This property operates above a 10% Cap rate and 5 GRM at market. One unit will be delivered tenant ready, providing the buyer the opportunity to owner-occupy and rent the others.
Adjacent to the 105 and 110 Highways, 8719 Hooper has easy access to any part of the city.