2531 Hillcrest Drive, Los Angeles, CA 90016
Local realty services provided by:ERA North Orange County Real Estate
2531 Hillcrest Drive,Los Angeles, CA 90016
$1,150,000
- 6 Beds
- 6 Baths
- 3,122 sq. ft.
- Multi-family
- Active
Listed by: kenny stevens
Office: compass
MLS#:25510279
Source:CRMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$368.35
About this home
***$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.
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Home facts
- Year built:1925
- Listing ID #:25510279
- Added:301 day(s) ago
- Updated:December 19, 2025 at 02:14 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Living area:3,122 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1925
- Building area:3,122 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$368.35
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