1337 S Hoover St | Los Angeles, CA 90006
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- LoopNet Team
1337 S Hoover St
Los Angeles, CA 90006
Siejay Apartments · Build-to-Rent Property For Sale
·
72 Units
INVESTMENT HIGHLIGHTS
- Siejay Apartments is an ideal candidate for a Naturally Occurring Affordable Housing (NOAH) conversion
- Current 2-bedroom rents average ~$1,287, while market comparables exceed $2,200 — presenting over 71% rental upside
- Located in the heart of Pico-Union, Siejay boasts a Walk Score of 91 and seamless access to the Metro A & E Lines
- 43% of tenants already on vouchers and the remaining rents are below 80% AMI
- Large 80,888 SF lot, the property offers the potential to add 40–50 Accessory Dwelling Units (ADUs) subject to HCD and city approval
- Available as a portfolio with three other buildings, Siejay offers true scale for operators seeking to grow within LA’s urban core
PROPERTY FACTS
| No. Units | 72 | Total Plot Size | 1.87 ac |
| Property Type | Build-to-Rent | Property Size | 65,664 sq ft |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Costar Property Class | C | ||
| Use Class | LAR4 - High Density Multiple-Family Residential District | ||
| No. Units | 72 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 1.87 ac |
| Property Size | 65,664 sq ft |
| No. Floors | 3 |
| Year Built | 1967 |
| Use Class | LAR4 - High Density Multiple-Family Residential District |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 60 | - | - |
PROPERTY TAXES
| Parcel Number | 5056-009-021 | Improvements Assessment | £735,152 |
| Land Assessment | £281,338 | Total Assessment | £1,016,490 |
PROPERTY TAXES
Parcel Number
5056-009-021
Land Assessment
£281,338
Improvements Assessment
£735,152
Total Assessment
£1,016,490
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