Skip to content
For Sale

$1,295,000

6,504 sqft$199/sqft38 days on market

2839 Hillcrest Drive

Los Angeles, CA 90016

· 8% down, 7% APR, 30yr fixed

—

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.

Listing agent (MLS): Diana Fang · Listing brokerage (MLS): Landon Realty Group

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

· 8% down, 7% APR, 30yr fixed
Loading map…

Courtesy of Landon Realty Group