Exterior of 2531 hillcrest nestled behind a wooden fence and framed by tall, leafy trees, set under a clear blue sky.

Active Listing

5.58% CAP & 11.86 GRM w/ 60% Upside in West Adams

2531 hillcrest

for sale in

West Adams

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

Price P/ Unit

$216,500

Price p/ Sq. ft.

$416

Proforma Cap Rate

10.57

Contact

Sales agent

Exterior facade of 2531 hillcrest with smooth grey stucco exterior, white-framed windows, and a well-maintained green lawn.
Exterior facade of 2531 hillcrest with smooth grey stucco exterior, white-framed windows, and a well-maintained green lawn.
Exterior facade of 2531 hillcrest with smooth grey stucco exterior, white-framed windows, and a well-maintained green lawn.
Exterior facade of 2531 hillcrest with smooth grey stucco exterior, white-framed windows, and a well-maintained green lawn.
A lush garden pathway at 2531 hillcrest lined with vibrant greenery and plants, leading to a serene outdoor space.
A lush garden pathway at 2531 hillcrest lined with vibrant greenery and plants, leading to a serene outdoor space.
A lush garden pathway at 2531 hillcrest lined with vibrant greenery and plants, leading to a serene outdoor space.
A lush garden pathway at 2531 hillcrest lined with vibrant greenery and plants, leading to a serene outdoor space.
A narrow pathway at 2531 hillcrest surrounded by lush greenery and plants, leading through a bright, sunny area.
A narrow pathway at 2531 hillcrest surrounded by lush greenery and plants, leading through a bright, sunny area.
A narrow pathway at 2531 hillcrest surrounded by lush greenery and plants, leading through a bright, sunny area.
A narrow pathway at 2531 hillcrest surrounded by lush greenery and plants, leading through a bright, sunny area.
A sunny view of a modern bungalow at 2531 hillcrest with a green lawn and pathway beside it, framed by trees and blue skies.
A sunny view of a modern bungalow at 2531 hillcrest with a green lawn and pathway beside it, framed by trees and blue skies.
A sunny view of a modern bungalow at 2531 hillcrest with a green lawn and pathway beside it, framed by trees and blue skies.
A sunny view of a modern bungalow at 2531 hillcrest with a green lawn and pathway beside it, framed by trees and blue skies.

Video

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.