$1,295,000
2839 Hillcrest Drive
Los Angeles, CA 90016
—
Beds
—
Baths
6,504
Square feet
1927
Built
Listing narrative
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.
Property Details
Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.
Price
$1,295,000
Beds
Beds n/a
Type
Multi-Family
Home Size
6,504 sqft
Baths
Baths n/a
Lot Size
0.15 acres
Year
1927
Status
For Sale
Days on Market
38
$ / Sqft
$199
Courtesy of Landon Realty Group






