James Nagorski - Coldwell Banker Commercial Real Estate Solutions Logo
$1,295,000
 $6,952 est/mo Sourced by Back At You

2839 Hillcrest Drive,Los Angeles, CA 90016

Los Angeles, CA 90016

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Description

Seize a rare opportunity to acquire a cash-flowing triplex in West Adams - one of Los Angeles' most dynamic and appreciating neighborhoods. This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit - all with a private yards - maximizing rental income. Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate. Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.

Details

MLS #SR26208145
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1927
Days On Site13
Listing Provided ByLandon Realty Group | Diana Fang

Features

SQ Feet3,462
Story(s)2
Units3
Building(s)2
Acreage0.15
Property ViewNone

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesDishwasher, Refrigerator, Vented Exhaust Fan

Exterior

Lot FeaturesBack Yard, Front Yard

Parking

Parking FeaturesDriveway
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90016
AreaC16 Mid Los Angeles
Listing VS Median (in 90016)
Price:
$1,295,000
low | high
Med:
$1,949,000
2% of Average
sqft:
3,462
low | high
Med:
5,838
18.630849220104% of Average
$ / sqft:
$374
low | high
Med:
$334
60.750653751682% of Average
On site:
13
low | high
Med:
56
23.214285714286% of Average
Sourced by Back At You

Market Activity 90016

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Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90016
AreaC16 Mid Los Angeles
Listing VS Median (in 90016)
Price:
$1,295,000
low | high
Med:
$1,949,000
2% of Average
sqft:
3,462
low | high
Med:
5,838
18.630849220104% of Average
$ / sqft:
$374
low | high
Med:
$334
60.750653751682% of Average
On site:
13
low | high
Med:
56
23.214285714286% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $971K - $1.618M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
2911 S Palm Grove Avenue Property Photo 1
$1,225,000
2911 S Palm Grove Avenue
Los Angeles, CA 90016
Listing Updated: October 11, 2026 at 2:26:56 AM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions