43
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$1,649,000
Est. payment /mo
4 Beds
3 Baths
1,517 SqFt
New
1247 N Hoover ST Los Angeles, CA 90029
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,517 sqft
Price per Sqft $1,087
MLS Listing ID 26994201
Bedrooms 4
HOA Y/N No
Year Built 1905
Lot Size 5,179 Sqft
Property Description
A compelling opportunity in the heart of Silver Lake, 1247 N Hoover pairs the charm of a beautifully updated residence with the immediate benefit of substantial in-place income. Comprised of a 3-bedroom, 2-bath main house and a separate 1-bedroom, 1-bath ADU, the property is currently generating $9,000 per month in combined rental income, offering an attractive option for investors, 1031 exchange buyers, or those considering future owner occupancy. The main residence is warm and inviting, with beautiful hardwood and tile floors and a gracious front porch that sets the tone from the moment you arrive. Off the kitchen, a second porch opens to a redwood deck and private backyard, creating an ideal setting for morning coffee, outdoor dining and entertaining. Thoughtful improvements include a brace-and-bolt foundation retrofit, updated electrical, copper plumbing, brand new central HVAC and a tankless water heater. The beautifully finished ADU offers its own private 1-bedroom, 1-bath residence complete with HVAC, washer/dryer and dishwasher. Currently leased for $2,700 per month, it complements the main residence, which is leased for $6,300 per month, for combined gross income of $108,000 annually. Both current leases extend through January 2027, creating a unique opportunity to acquire a stabilized income-producing property today with flexibility for its next chapter thereafter. And then there is the location: moments from Intelligentsia, Tartine, Erewhon, Kismet, Sweetgreen, neighborhood restaurants, cafs, boutiques and vintage shopping, placing some of the very best of Silver Lake just outside your door. With Los Angeles preparing to welcome the world for the 2028 Olympic Games, 1247 N Hoover presents a rare combination of character, income and long-term versatility in one of the city's most sought-after neighborhoods. Property is tenant-occupied. To respect the privacy of the occupants, interior showings will be accommodated for well-qualified buyers upon receipt of an offer. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Dishwasher, Dryer, Washer
Exterior
Parking Features Shared Driveway
Pool None
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Entry Level One
Sewer Other
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5542023024
Special Listing Condition Standard
Listed by Levi Freeman Nourmand & Associates-HW #01926993
NEARBY SCHOOL & BUSINESS
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