171 S Hoover Street

Description

APPX 6% PROJECTED CAP BRAND NEW 2023 BUILT 6-PLEX NEAR SILVERLAKE / ECHO PARK Currently, the ONLY available New Construction 6-unit apartment on market in the area that CAN BE DELIVERED LEASED. It is an obvious choice for all 1031 Exchange buyers who would be enjoying perks such as NON RENT CONTROLLED BUILDING, BEING SEPARATELY METERED FOR ALL UTILITIES, EXTREMELY LOW MAINTENANCE building in an area that attracts CLASS-A TENANTS with high-income producing jobs due to proximity to super trendy locations near Silver Lake and Echo Park. Comprised of (3) 4 Bed 3 Bath units, (1) 3 Bed 2 Bath unit, (2) 2 Bed 2 Bath Units, and 12 Parking spaces, this unique property would be grossing approximately $336,000/Yr with minimal maintenance. These units are NOT your average new construction apartments. Quality you can see from high-end condos, meticulous design, solid finish, and the thoughtful layout on each and every unit allows tenants to easily imagine their living and make their decision on the spot! Just a few steps to Echo Park Lake, Tribal Cafe, Target on Temple, and so much more Close commute to Netflix, The Paramount studio, and entertainment industry employers and offices.