2531 Hillcrest Drive, Los Angeles, CA 90016 - Berkshire Hathaway HomeServices California Properties

2531 Hillcrest Drive, Los Angeles, CA 90016

$1,299,000 Approx. USD 6 beds, 6 baths
3,122 sqft

Listing Agent


Kenny Stevens | kenny@kennystevensteam.com
Lic#: 01090251
Broker: Courtesy of Compass

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25510279
Price: $1,299,000
Beds: 6
Baths: 6
Built in 1925
3,122 sqft
1 story
0.14 acres
Lot size: 0.1428
County: Los Angeles
Property style: Bungalow
Zoning: LAR2
Appliances: Refrigerator
Parking description: Door-Single,Garage,Uncovered
Heating description: Wall Furnace
MLS area: C16 - Mid Los Angeles

Last Updated: 3/12/2025

 Days On Market (DOM): 58

 Find more Los Angeles homes and real estate

 Find more homes in 90016 zip code

This listing belongs to the C16 - Mid Los Angeles MLS area

The style of this listing is Bungalow.
Find more Bungalow style homes for sale

Lat/Long: 34.033149, -118.342680.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90016 Area Map

Demographics

Schools

Near by

Similar Listings