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2531 Hillcrest Dr

Los Angeles CA 90016

6
6
2
3122 sq. ft.
6219 sq. ft.
Other
Currently for sale - view listing

Overview

***$150,000 Reduction - Offered @ 6.24% current CAP, 10.24 GRM, and $191,667 per unit*** Set in the heart of West Adams, 2531 Hillcrest sits at the center of one of LA's most dynamic cultural transformations. The surrounding neighborhood has evolved into a hub for creative professionals, entrepreneurs, and young families drawn to its historic architecture, emerging food scene, and proximity to both the Expo Rail Line and Silicon Beach's major tech employers. High-profile mixed-use developments and innovative office spaces continue to reshape the area, reinforcing strong and growing tenant demand. Built in 1925, the property is a classic courtyard-style bungalow complex featuring (6) 1-bdrm units that average approx. 520 SF each. The layout offers both charm and functionality, with units arranged around a central courtyard on a spacious 6,217 SF lot zoned LAR2. The property includes an uncovered parking space and a 1-car garage, currently leased for additional income. For investors, 2531 Hillcrest presents clear upside. Current rents are positioned well below market, offering approx. 38% rental upside potential based on comparable renovated units in the area. With a projected 9.81% market CAP and 7.45 GRM, the property combines immediate cash flow with strong appreciation potential in a neighborhood that continues to attract capital and attention. Located just north of West Adams Blvd & La Brea Ave, 2531 Hillcrest offers a strategic entry point into one of LA's most promising neighborhoods, whether you're seeking value-add returns, long-term growth, or future development opportunity.

Features

6 bedrooms
6 bathrooms
2 carspaces
1 open car space
1 garage space
3122 sq. ft. floor area
6219 sq. ft. lot size
Other

Property history for 2531 Hillcrest Dr

2019
Sold
$1,193,000
21 Mar 2019 by Andrew Watkins, of Pacific Playa Realty
2016
Sold
$899,900
02 May 2016 by Mazdak Sarehkhani

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 6 bedroom other properties in Los Angeles

In the last 12 months, 3 six-bedroom other properties similar to 2531 Hillcrest Dr, have been sold.

This represents a 40% increase in six-bedroom other properties sales when compared to the previous 12 months.

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