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Listed by Diana Fang, DRE #01918964 • Landon Realty Group
$1,295,000
Est. payment /mo
6,502 Sqft Lot
Active
2839 Hillcrest DR Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26208145
Year Built 1927
Lot Size 6,502 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
Area C16 - Mid Los Angeles
Rooms
Kitchen Dishwasher, Exhaust Fan, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Other
Exterior
Parking Features Other
Garage Spaces 2.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 5057007019
Special Listing Condition Not Applicable
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