2531 Hillcrest Drive, Los Angeles, CA 90016

Local realty services provided by:ERA Carlile Realty Group
2531 Hillcrest Drive,Los Angeles, CA 90016
$1,299,000
  • 6 Beds
  • 6 Baths
  • 3,122 sq. ft.
  • Multi-family
  • Active
Listed by:kenny stevens
Office:compass
MLS#:25510279
Source:CRMLS

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$416.08

About this home

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

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Home facts

  • Year built:1925
  • Listing ID #:25510279
  • Added:204 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:3,122 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1925
  • Building area:3,122 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$416.08
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