CA > Los Angeles
Los Angeles, CA 90016,2531 Hillcrest Dr
Los Angeles, CA 90016,2531 Hillcrest Dr
Los Angeles, CA 90016,2531 Hillcrest Dr
Los Angeles, CA 90016,2531 Hillcrest Dr
Los Angeles, CA 90016,2531 Hillcrest Dr
Los Angeles, CA 90016,2531 Hillcrest Dr
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Jamie Tolbert

Jamie Tolbert

+1(424) 299-1155
$ 1,299,000
Est. payment | /mo

6 Beds

6 Baths

3,122 SqFt

Save
$ 1,299,000
Est. payment | /mo
Save

6 Beds

6 Baths

3,122 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,122 sqft

Price per Sqft $416

MLS Listing ID 25510279

Style Bungalow

Bedrooms 6

Year Built 1925

Lot Size 6,219 Sqft

Property Sub-Type Multi-Family

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 Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Built-Ins, Freezer, Refrigerator, Range/Oven

Exterior

Parking Features Garage - 1 Car, Uncovered

Garage Spaces 2.0

Waterfront Description None

View Y/N No

View None

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(424) 299-1155

jamietolbertre@gmail.com

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2531 Hillcrest Dr