2839 Hillcrest Drive
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.
Broker Details
Landon Realty Group (818) 613-1767
MLS ID: SR175523031 State License Number: 01918964
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,295,000 |
| No. of Units: | 3 |
| Year Built: | 1927 |
| Opportunity Zone: | No |
| Price per unit: | $431,667 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-MRMLSCA-SR26208145
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