2839 Hillcrest Drive, Los Angeles, CA 90016
- $1,375,000
- List Price
- $1,375,000
- Status
- ACTIVE
- MLS#
- SR26136264
- Year Built
- 1927
- Lot Size
- 6,502
- Acres
- 0.15
- Lot Location
- Back Yard, Front Yard
- Days on Market
- 31
- Property Type
- Multifamily
- Property Sub Type
- Triplex
Property Description
Seize a rare opportunity to a 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.
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Additional Information
- Appliances
- Dishwasher, Refrigerator, Vented Exhaust Fan
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $106,688
- Operating Expense
- 27224
Listing courtesy of Listing Agent: Diana Fang (diana@phoenixpropertiesla.com) from Listing Office: Landon Realty Group.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.