
Active Listing
5.58% CAP & 11.86 GRM w/ 60% Upside in West Adams
2531 hillcrest
for sale in
West Adams
Listed Price
$
1,299,000
6
Number of Units
1925
Year Built
3,122
SF
Square Footage
6,217
SF
Lot Size
LAR2
Zoning
2531 Hillcrest Dr, Los Angeles, CA 90016
About the Property
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 (click here for more info). 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.
6
Number of Units
1925
Year Built
3,122
SF
Square Footage
6,217
SF
Lot Size
LAR2
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$216,500
Price p/ Sq. ft.
$416
Proforma Cap Rate
10.57




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