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For Sale

2839 Hillcrest Drive

2839 Hillcrest Drive, Los Angeles, CA 90016

$1,295,000

Seize a rare opportunity to acquire a cash-flowing triplex in West Adams -- one of Los Angeles' most dynamic and appreciating neighborhoods.
This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit -- all with a private yards -- maximizing rental income.
Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.

Studio

3,462 Sq.Ft. LIVING AREA

6,502 Sq.Ft. lot

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Features & Amenities

Interior

total bedrooms0
Laundry room Inside
APPLIANCES Dishwasher, Refrigerator, Vented Exhaust Fan

Area & Lot

Status For Sale
Living Area3,462 Sq.Ft.
Total Area3,462 Sq.Ft.
Lot Area6,502 Sq.Ft.
MLS® IDSR26208145
TypeMulti-Family
YEAR BUILT1927
NeighborhoodLos Angeles
View DescriptionNone

Exterior

STORIES2
water SourcePublic
PoolNone
lot featuresBack Yard, Front Yard
parkingDriveway
HEAT TYPEWall Furnace
AIR CONDITIONINGWall/Window Unit(s)
sewerPublic Sewer

Financial

Sales Price$1,295,000
Maintenance Fee $1,146/mo

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2839 Hillcrest Drive

$1,295,000

Schedule a Showing

Schedule a Showing

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Mortgage Calculator

Los Angeles

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Contact Details

Jennifer Landon | CA DRE# 01281552

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