4040-4060 S Hoover Street

• Substantially Renovated 24-Unit Community Adjacent to USC — Ownership has completed an extensive renovation program across both buildings, with 19 of the 24 units fully renovated with high-end finishes, leaving five units for additional value-add upside at turnover.
• Major Capital Improvements Completed — Both properties have undergone extensive capital investment, including replacement of windows with dual-glazed, NFRC-certified units, new plumbing throughout, new roofing, new exterior lighting, and a full security camera system.
• Elevated Curb Appeal & Site Improvements — Improvements include hardscaped courtyards, fully revamped landscaping, refreshed building exteriors, and a repaved parking lot, meaningfully enhancing the presentation and resident experience at both buildings.
• Modern Unit Amenities — Renovated units feature quartz kitchens with full stainless steel appliance packages, in-unit stackable washers and dryers, hardwood laminate flooring, private balconies, designer-tiled bathrooms, and central A/C and heat, supporting premium rents and strong retention.
• On-Site Fitness Amenities Added — Ownership converted two storage areas, one at each building, into beautiful, modern on-site gym spaces, adding an amenity rarely found in comparable vintage product and further differentiating the community.
• Secured, Professionally Managed Community — Both buildings offer secured gated entry, assigned tandem parking, and closed-circuit security camera monitoring, delivering the safety and service profile that supports resident retention in the submarket.
• Expense Recovery via RUBS — Ownership has implemented a Ratio Utility Billing System (RUBS), allocating water, trash, and sewer costs back to residents. Combined with ultra-efficient plumbing fixtures, this materially reduces owner-borne expenses and supports NOI growth.
• Walkable USC & Exposition Park Location — Ideally located within walking distance of USC, BMO Stadium, the LA Memorial Coliseum, and the forthcoming Lucas Museum of Narrative Art, and minutes from the Metro E Line and the I-110/I-10 freeways, the property benefits from one of Los Angeles’ strongest and most durable rental demand drivers.
• Permitted, Code-Compliant Improvements — Capital work is supported by LADBS permitting, including roof replacement and full window change-outs across both 4040 and 4060 S Hoover, providing buyers with documented, code-compliant improvements.