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
Property listed by Compass, Kenny Stevens 310-230-5478
Listing Snapshot
Days Online
46
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
Refrigerator
Building
Built in 1925, Building area total: 3,122, Levels: One, Living area: 3122, 1 story, 3 buildings, Architectural style: Bungalow
Community
Gated
Garage
1 space
Heating
WallFurnace
Income
Gross income: $109,492, Net operating income: $72,432
Lot
0.1428 acres, 6,219 square feet, Size: 6,219
Parking
1 open parking space, 2 totals parking, DoorSingle, Garage, Uncovered
Property
Zoning: LAR2, None
Security Features
GatedCommunity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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