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(626) 893-2817
Gilbert Garcia
2839 Hillcrest Drive, Los Angeles, CA 90016
- $1,295,000
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- SR26208145
- Year Built
- 1927
- Lot Size
- 6,502
- Acres
- 0.15
- Lot Location
- Back Yard, Front Yard
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Triplex
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.
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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.