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… Read More 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. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
108
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,122
Lot Size
0.14 Acres
Year Built
1925
MLS Number
25510279
Additional Details
Appliances & Equipment
Built-Ins, Freezer, Refrigerator, Range/Oven
Building
3,122 sq ft, Built in 1925, Levels: One, Attached, Bungalow
Cooling
Window Unit(s)
Disclosures
As Is
Garage
1 total garage spaces, Garage - 1 Car, Uncovered
Heating
Wall
Lot
LotSizeArea: 6,219
Parking
OpenOtherSpacesTotal: 1, TotalParking: 2
Property
NumberOfUnits: 6, Zoning: LAR2
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