2839 Hillcrest Drive, Los Angeles, CA 90016
2839 Hillcrest Drive, Los Angeles, CA 90016
2839 Hillcrest Drive, Los Angeles, CA 90016
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$1,295,000
Est. payment /mo
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8 Beds
5 Baths
6,502 Sqft Lot
Open Sat 1PM-4PM

2839 Hillcrest Drive Los Angeles, CA 90016

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Patty Doyle

Patty Doyle

+1(619) 886-0321

Open House

Sat Oct 10, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26208145

Bedrooms 8

Lot Size 6,502 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction 1-10 freeway, exit S La Brea Ave, E on W Adams, S on Hillcrest or exit Crenshaw Blvd., S to W 28th St., S on Hillcrest.

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5057007019

Acceptable Financing Cash, Conventional, Exchange, FHA, Land Contract, VA

Listing Terms Cash, Conventional, Exchange, FHA, Land Contract, VA

MLS Router / San Diego MLS
Listed by Diana Fang, DRE#01918964 Landon Realty Group 

NEARBY SCHOOL & BUSINESS

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Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

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2839 Hillcrest Drive

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