55
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$1,490,000
Est. payment /mo
8 Beds
5 Baths
3,462 SqFt
New
2839 Hillcrest DR Los Angeles, CA 90016
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $430
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 $1,490,000 with a 13.96 GRM and a 5.24% 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
Listed by Diana Tiao The Collective Realty #01918964
NEARBY SCHOOL & BUSINESS
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