CA > Los Angeles
Los Angeles, CA 90006,1337 S Hoover Street
Los Angeles, CA 90006,1337 S Hoover Street
Los Angeles, CA 90006,1337 S Hoover Street
15
See all 15 photos
$15,000,000
Est. payment /mo
Save
65,664 SqFt
Active

1337 S Hoover Street Los Angeles, CA 90006

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
14
May
Thu
15
May
Fri
16
May
Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 65,664 sqft

Price per Sqft $228

MLS Listing ID CL25523091

HOA Y/N No

Year Built 1967

Lot Size 1.857 Acres

Acres 1.86

Property Sub-Type Other

Property Description

We are pleased to present the Siejay Apartments, a 72-unit multifamily investment opportunity located at 1337S Hoover St. in the Pico-Union neighborhood of Los Angeles. The subject property was originally a HUD Project-Based Section 8 property and was opted out of the HUD program in December 2009. Situated on a large 80,888-square-foot lot, the property offers a rare opportunity for additional value creation, with a significant rental upside of over 68%. There is also potential to add 40 to 50 accessory dwelling units (ADUs), subject to HCD and city approval (Buyer to verify). The existing unit mix includes 12 one-bedroom and 60 two-bedroom apartments, supported by 74 parking spaces. Siejay Apartments is well positioned for a Naturally Occurring Affordable Housing (NOAH) conversion, as 43% of the current tenants are voucher holders, while the remaining units rent for below approximately 80% of the area's median income (AMI). This favorable rent structure enhances the property's long-term stability and appeals to affordable housing investors. Additionally, its prime infill location provides residents with a Walk Score of 91 and seamless connectivity to public transit, including the Metro A and E Rail Lines and multiple Metro Local bus lines along S Hoover St, W Pico Blvd, and Veni

Location

State CA

County Los Angeles

Zoning C2-1

Interior

Heating None

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 5056009021

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Neema Ahadian • Marcus & Millichap

GET MORE INFORMATION

agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

Full Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Keller Williams Peninsula Estates, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1337 S Hoover Street

QUICK SEARCH