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$ 1,375,000
Est. payment /mo
Active
2839 Hillcrest Drive Los Angeles, CA 90016
8 Beds
3,462 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,462 sqft
Price per Sqft $397
MLS Listing ID CL26699447
Bedrooms 8
HOA Y/N No
Year Built 1927
Lot Size 6,502 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
Seize a rare opportunity to acquire a fully occupied, cash-flowing triplex in West Adams one of Los Angeles' most dynamic neighborhoods. Offered at $1,375,000 with a 12.89 GRM and a 5.8% cap rate, this turnkey asset delivers immediate, stable returns from day one. The property features a strong unit mix: a 4BD/2BA main unit, a 3BD/2BA second unit, and a 1BD/1BA rear unit (non-RSO) with large private yard maximizing rental income. The property has also been meticulously maintained with many upgrades including copper plumbing, electrical, roof to name a few. Located just 12 minutes from USC, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals. Quick access to the I-10 and CA-110 freeways puts tenants within easy reach of Downtown Los Angeles, Culver City, and beyond.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5057007019
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Listed by Diana Tiao • The Collective Realty