Listing Courtesy Of: Compass, 310-230-5478, Kenny Stevens

Local Realty Services Provided By: Keller Williams Realty Larchmont

Overview

What It'll Cost

Neighborhood

Similar Homes

2531 Hillcrest Dr, Los Angeles, CA 90016

6 Beds

6 Baths

sq ft

2531 Hillcrest Dr, Los Angeles, CA 90016

Estimation provided by Keller Williams Realty Inc.

6 Beds

6 Baths

sq ft

Active

For Sale

Open House:

See More Open House Schedules

Property Description

Show in English

2531 Hillcrest presents an exceptional value-add opportunity in the heart of West Adams, one of LA's most rapidly evolving neighborhoods. This 6-unit courtyard-style bungalow complex offers investors the potential for 41% rental upside and a projected 8.95% market CAP, or up to 61% rental upside with the addition of an ADU (buyer to verify). Converting the 1-car garage into an ADU could push returns even further, stabilizing the property at a 10.57% CAP and 7.38 GRM based on market rents. Located just north of West Adams Blvd & La Brea Ave, this property benefits from the area's creative and cultural resurgence. West Adams has quickly become a hub for high-profile mixed-use developments, innovative office spaces, and a booming food scene, attracting young professionals and entrepreneurs looking for a dynamic urban lifestyle. The property also enjoys close proximity to the Expo Rail Line and major Silicon Beach tech hubs, ensuring long-term tenant demand. Additional amenities include one uncovered parking space and a 1-car garage, which is currently leased for additional income. Whether you're looking for cash flow, appreciation, or future development potential, 2531 Hillcrest is a strategic investment in one of LA's most promising neighborhoods.

Property Details

Compare This Home

Overview

Property Type

Residential Income

Property Size

sq ft

Year Built

1925

Days on Site

19 Days

HVAC

Cooling: Window Unit(s), Heating: Wall

Parking

2 Parking Spaces

Jeff Menendez Homes

Jeff Menendez

Corona/KW CA Premier

01855193

[email protected]

Message

Activity History

VIEWS

SAVES

Data provided by Keller Williams Realty, Inc.

Upcoming Open Houses

No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

Estimated Monthly Payment

Purchase Price:

Principal + Interest

()

Property Tax

()

Home Insurance

()

HOA/Condo Fee

()

Mortgage Insurance

()

Purchase Price

Purchase price has been changed to something other than the currently listed price.

Down Payment

Interest Rate

Loan Type

Property Tax

Home Insurance /year

HOA/Condo Fees /month

Mortgage Insurance /month

Credit Score

This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.

Save thousands on your next home loan.

Save Thousands

Clarity, transparency & ease in homeowner’s insurance.

Compare Quotes

Price & Tax History

Date

Event

Price

1741651200000

Listed

(+ )

1546992000000

Sold

(+ )

1459900800000

Sold

(+ )

1393459200000

Sold

(+ )

1115596800000

Sold

(+ )

840412800000

Sold

(+ )

828662400000

Sold

(+ )

820195200000

Sold

Year

Property Tax

Assessed Value

Assessed Value is a combination of the land and additions.

2023

(+ )

Land 1,064,696 + Additions 214,439

2022

(+ )

Land 1,023,353 + Additions 206,113

2021

(+ )

Land 1,023,353 + Additions 206,113

2019

(- )

Land 1,012,860 + Additions 204,000

2017

Land 697,068 + Additions 234,090

The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.