Homes for sale - 2531 Hillcrest DR, Los Angeles, CA 90016

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Kristen Gentry

kristen@richardsonproperties.com +1(805) 441-4618

$ 1,299,000

Est. payment | -/mo

6 Beds

6 Baths

3,122 SqFt

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$ 1,299,000

Est. payment | -/mo

Save

6 Beds

6 Baths

3,122 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,122 sqft

Price per Sqft $416

MLS Listing ID 25510279

Bedrooms 6

HOA Y/N No

Year Built 1925

Lot Size 6,220 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Door-Single, Garage, Uncovered

Garage Spaces 1.0

Garage Description 1.0

Community Features Gated

View Y/N No

View None

Total Parking Spaces 2

Building

Faces East

Story 1

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5057005017

Security Features Gated Community

Special Listing Condition Standard

Listed by Kenny Stevens • Compass

GET MORE INFORMATION

Kristen Gentry

Broker Associate | Lic# 01968754

kristen@richardsonproperties.com

+1(805) 441-4618

711 Tank Farm Rd Ste 100 San Luis Obispo, CA, 93401

2531 Hillcrest DR Los Angeles, CA 90016

Kristen Gentry

Key Details

Location

Interior

Exterior

Building

Others

2531 Hillcrest DR