Los Angeles, CA 90016,2531 Hillcrest DR
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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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$ 1,299,000
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2531 Hillcrest DR Los Angeles, CA 90016

6 Beds

6 Baths

3,122 SqFt


UPDATED:

Key Details

Property Type Single Family Home

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


CRMLS – RECore
Listed by Kenny Stevens Compass
agent

Gabby Hanson

Realtor & Team Lead | License ID: 01761693

+1(951) 488-8025

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2531 Hillcrest DR