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2531 Hillcrest Dr, Los Angeles, CA 90016

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For Sale

$1,299,000

6 beds • 3,122 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $416.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Set in the heart of West Adams, 2531 Hillcrest sits at the center of one of LA's most dynamic cultural transformations. The surrounding neighborhood has evolved into a hub for creative professionals, entrepreneurs, and young families drawn to its historic architecture, emerging food scene, and proximity to both the Expo Rail Line and Silicon Beach's major tech employers. High-profile mixed-use developments and innovative office spaces continue to reshape the area, reinforcing strong and growing tenant demand. Built in 1925, the property is a classic courtyard-style bungalow complex featuring (6) 1-bdrm units that average approx. 520 SF each. The layout offers both charm and functionality, with units arranged around a central courtyard on a spacious 6,217 SF lot zoned LAR2. The property includes an uncovered parking space and a 1-car garage, currently leased for additional income. For investors, 2531 Hillcrest presents clear upside. Current rents are positioned well below market, offering approx. 36% rental upside potential based on comparable renovated units in the area. With a projected 8.92% market CAP and 8.41 GRM, the property combines immediate cash flow with strong appreciation potential in a neighborhood that continues to attract capital and attention. Located just north of West Adams Blvd & La Brea Ave, 2531 Hillcrest offers a strategic entry point into one of LA's most promising neighborhoods, whether you're seeking value-add returns, long-term growth, or future development opportunity.
MLS# 25510279

Courtesy Of Compass

(310) 230-5478

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow

Map and Directions

Directions to 2531 Hillcrest Dr, Los Angeles, CA 90016

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(562) 863-2121
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.