5329 Hoover StLos Angeles, CA 90037

This exceptional 792 square foot auto shop, located at 5329 S Hoover St, Los Angeles, CA 90037, presents a lucrative investment opportunity. The property boasts a strong 6.55% cap rate and is priced at $585,000 ($738.64/sq ft). Built in 1970, this NNN-leased retail space sits on a sizable 4,560 square foot corner lot, offering significant development potential. Currently operating as a multi-unit auto shop with 32 units, the property is zoned C2-1VL-CPIO, allowing for expansion. The location is highly desirable, within minutes of USC, the Lucas Museum, and BMO Stadium. This property offers a covered land play with the potential for 11 units by right and an additional 21 units with the Transit Occupancy Density (TOC) bonus. The property's strong cash flow, prime location, and development upside make it an ideal investment for owner-users or those seeking SBA financing. The Assessor's Parcel Number (APN) is 5001-006-031. This is a rare opportunity to acquire a high-performing asset in a rapidly growing area of Los Angeles.