Flip report generated Feb 28, 2025
The Flip Potential of
1008 N Hoover St Los Angeles, CA
is medium.
Current Specs
3 Bed / 1 Bath
1,211 sqft
$813 per sqft
Estimated Value$985,000
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 1008 N Hoover St:
Add 250 sqft...
+$185,283 (18.81%)
New Potential Value$1,170,283
Add a bedroom...
+$61,005 (6.19%)
New Potential Value$1,046,005
Add a bed & bath...
+$108,839 (11.05%)
New Potential Value$1,093,839
Flip Advice
This 1909 California Bungalow in Silver Lake offers significant flip potential due to its prime location and large lot. The property consists of two LAR3-zoned lots totaling 4,020 sqft, providing ample space for redevelopment. With 3 beds, 1 bath, and 1,211 sqft of living space, there's room for expansion and modernization.
Consider a comprehensive renovation to preserve the bungalow's charm while adding modern amenities. Focus on updating the kitchen and bathroom, and explore the possibility of adding a second bathroom and expanding living space. Given the large lot and zoning, there's also potential for building an ADU or even developing a multi-unit property, subject to local regulations.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.