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A compelling opportunity in the heart of Silver Lake, 1247 N Hoover pairs the charm of a beautifully updated residence with the immediate benefit of substantial in-place income. Comprised of a 3-bedroom, 2-bath main house and a separate 1-bedroom, 1-bath ADU, the property is currently generating $9,000 per month in combined rental income, offering an attractive option for investors, 1031 exchange buyers, or those considering future owner occupancy. The main residence is warm and inviting, with beautiful hardwood and tile floors and a gracious front porch that sets the tone from the moment you arrive. Off the kitchen, a second porch opens to a redwood deck and private backyard, creating an ideal setting for morning coffee, outdoor dining and entertaining. Thoughtful improvements include a brace-and-bolt foundation retrofit, updated electrical, copper plumbing, brand new central HVAC and a tankless water heater. The beautifully finished ADU offers its own private 1-bedroom, 1-bath residence complete with HVAC, washer/dryer and dishwasher. Currently leased for $2,700 per month, it complements the main residence, which is leased for $6,300 per month, for combined gross income of $108,000 annually. Both current leases extend through January 2027, creating a unique opportunity to acquire a stabilized income-producing property today with flexibility for its next chapter thereafter. And then there is the location: moments from Intelligentsia, Tartine, Erewhon, Kismet, Sweetgreen, neighborhood restaurants, cafs, boutiques and vintage shopping, placing some of the very best of Silver Lake just outside your door. With Los Angeles preparing to welcome the world for the 2028 Olympic Games, 1247 N Hoover presents a rare combination of character, income and long-term versatility in one of the city's most sought-after neighborhoods. Property is tenant-occupied. To respect the privacy of the occupants, interior showings will be accommodated for well-qualified buyers upon receipt of an offer. Please do not disturb tenants.
Property Type(s):
Residential Income
| Last Updated | 9/30/2026 | Year Built | 1905 |
|---|---|---|---|
| Community | C21 - Silver Lake - Echo Park | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Washer |
| AREA | C21 - Silver Lake - Echo Park |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 5179 sq ft |
| LOT DIMENSIONS | 5178 |
| PARKING | Shared Driveway |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Nourmand & Associates-HW
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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