Mixed-Use Asset with Retail Control and Three Income Streams
6500 S Hoover Street is a mixed-use property consisting of a retail storefront, a separate storage unit, and a detached 3-bedroom, 2-bath residence, all situated on a 6,569 square foot LAC2-zoned corner lot with on-site parking. The property generates $75,600 in current gross income across three income streams, providing stable in-place cash flow with a straightforward operating profile. The retail space is currently leased on a month-to-month basis, allowing a new owner to reset rents or take control of the space in the near term. The residential and storage components provide consistent income that offsets carrying costs, supporting the asset during any transition on the commercial side. With clear separation between uses and a practical layout, the property offers a simple, flexible structure suitable for both investors and owner-users seeking income with the ability to improve or reposition over time.
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