2531 Hillcrest is a 6-unit West Adams multifamily property offering significant rental upside and ADU potential in one of Los Angeles’ most rapidly transforming neighborhoods. Located just north of West Adams Boulevard and La Brea Avenue, this classic courtyard-style bungalow complex presents an outstanding multifamily for sale opportunity for investors targeting long-term yield, value-add growth, and location-driven appreciation.

Current rents support a projected 8.95% market CAP with approximately 41% rental upside. The site also includes a 1-car garage that may be converted into an ADU (buyer to verify), potentially increasing the property’s upside to 61%. Pro forma financials show the property stabilizing at a 10.57% CAP and 7.38 GRM with the ADU addition—rare numbers in today’s Los Angeles multifamily landscape.

The property is strategically positioned within the creative and cultural resurgence of West Adams, where new mixed-use projects, boutique restaurants, and adaptive reuse office developments continue to draw young professionals, creatives, and entrepreneurs. With close proximity to the Expo Line and major Silicon Beach employers, 2531 Hillcrest is well-positioned to benefit from continued tenant demand in a submarket experiencing long-term demographic and economic momentum.

Additional features include one uncovered parking space and a 1-car garage currently leased for supplemental income. With stable in-place income, clear pathways to higher returns, and alignment with city initiatives promoting infill housing and ADU development, this offering checks all the right boxes for value-oriented investors.

Whether you’re seeking cash flow, repositioning potential, or future development upside, 2531 Hillcrest stands out as one of the most compelling West Adams multifamily opportunities currently on the market.