Description
2531 Hillcrest Drive is a charming 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. Located just north of West Adams Blvd, this rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into the community. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. 2531 Hillcrest features (6) 1-bdrm. units offering 58% in rental upside, and at the list price, stabilizes at a 9.25% CAP and 8.35 GRM. Additional property amenities include a laundry room, an uncovered parking space, and a one-car garage.
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6BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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3,122SQFT
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$415$/SQFT
School Ratings & Info
Description
2531 Hillcrest Drive is a charming 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. Located just north of West Adams Blvd, this rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into the community. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. 2531 Hillcrest features (6) 1-bdrm. units offering 58% in rental upside, and at the list price, stabilizes at a 9.25% CAP and 8.35 GRM. Additional property amenities include a laundry room, an uncovered parking space, and a one-car garage.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T08:25:57.603. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.