2531 Hillcrest Dr, Los Angeles, CA 90016
- $1,295,000
- 6
- BD
- 6
- BA
- 3,122
- SqFt
- List Price
- $1,295,000
- MLS#
- 23-312527
- Year Built
- 1925
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 3,122
- Lot Size
- 6,217
- Days on Market
- 4
- Property Type
- Multifamily
- Style
- Bungalow
- Stories
- 1
Property Description
2531 Hillcrest Drive is a charming 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. Located just north of West Adams Blvd, this rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into the community. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. 2531 Hillcrest features (6) 1-bdrm. units offering 58% in rental upside, and at the list price, stabilizes at a 9.25% CAP and 8.35 GRM. Additional property amenities include a laundry room, an uncovered parking space, and a one-car garage.
/u.realgeeks.media/chanagedy/Chana_-_Logo_-Gold_Gradient.png){kind=logo}
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Window Unit(s)
- View
- None
- Number of Cars in Garage
- Garage - 1 Car, Uncovered
- Garage Spaces Total
- 1
Mortgage Calculator
Courtesy of , Kenny Stevens - CA DRE#
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective 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 CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).