2839 Hillcrest DR, Los Angeles, CA 90016
2839 Hillcrest DR, Los Angeles, CA 90016
2839 Hillcrest DR, Los Angeles, CA 90016
55
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$1,375,000
Est. payment /mo
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8 Beds
5 Baths
3,462 SqFt
Price Dropped by $115K

2839 Hillcrest DR Los Angeles, CA 90016

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,462 sqft

Price per Sqft $397

MLS Listing ID 26699447

Bedrooms 8

HOA Y/N No

Year Built 1927

Lot Size 6,503 Sqft

Property Description

Seize a rare opportunity to acquire a fully occupied, cash-flowing triplex in West Adams one of Los Angeles' most dynamic neighborhoods. Offered at $1,375,000 with a 12.89 GRM and a 5.8% cap rate, this turnkey asset delivers immediate, stable returns from day one. The property features a strong unit mix: a 4BD/2BA main unit, a 3BD/2BA second unit, and a 1BD/1BA rear unit (non-RSO) with large private yard maximizing rental income. The property has also been meticulously maintained with many upgrades including copper plumbing, electrical, roof to name a few. Located just 12 minutes from USC, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals. Quick access to the I-10 and CA-110 freeways puts tenants within easy reach of Downtown Los Angeles, Culver City, and beyond.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Fireplace No

Appliance Dishwasher, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Driveway

Building

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5057007019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Diana Tiao The Collective Realty #01918964

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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2839 Hillcrest DR