2839 Hillcrest Drive, Los Angeles, CA 90016
List Price: $1.49M
Listing Status: Active
0Days on Market: 0
8 Bedrooms · 5 Bathrooms · 3,462 sq ft
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 6,502 sq ft
MLS Number: 26699447
About This Property
Seize a rare opportunity to acquire a fully occupied, cash-flowing triplex in West Adams one of Los Angeles' most dynamic neighborhoods. Offered at $1,490,000 with a 13.96 GRM and a 5.24% cap rate, this turnkey asset delivers immediate, stable returns from day one. The property features a strong unit mix: a 4BD/2BA main unit, a 3BD/2BA second unit, and a 1BD/1BA rear unit (non-RSO) with large private yard maximizing rental income. The property has also been meticulously maintained with many upgrades including copper plumbing, electrical, roof to name a few. Located just 12 minutes from USC, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals. Quick access to the I-10 and CA-110 freeways puts tenants within easy reach of Downtown Los Angeles, Culver City, and beyond.