Active

2531 Hillcrest Dr

Los Angeles CA, 90016

$1,299,000


$416.08 per sqft

Active

6 Beds

6 Baths

3,122 sqft

Multi-family

Built in 1925

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.

25510279

MLS ID

March 11, 2025

Listed

March 12, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

6


Total Bathrooms

6


Appliances

Built-Ins, Freezer, Refrigerator, Range/Oven


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.14 Acres


Security

Gated

Other Property Details

Area Name

Mid Los Angeles


Garage

Yes


Garage Spaces

1


Parking

Garage - 1 Car, Uncovered


Parking Total

2


View

No


View Description

None


County

Los Angeles


Waterfront Features

None


Zoning

LAR2

Listed by Kenny Stevens with Compass
Listing Contact: 310-968-7005 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/12/2025

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