2839 Hillcrest Drive, Los Angeles, CA — listing photo 1
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FOR SALE

2839 Hillcrest Drive

Los Angeles, CA 90016
6,502 Lot Sq Ft
Built 1927
$1,295,000

Property Overview

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.

Home Details

Property type
Residential Income - Triplex
Year built
1927
Lot size
6,502 sq ft
Parking
2 spaces
Stories
2
Days on market
24
MLS status
Active

Features & Amenities

Appliances

  • Dishwasher
  • Refrigerator
  • Vented Exhaust Fan

Parking

  • Driveway

Pool

  • None

Lot

  • Back Yard
  • Front Yard

Community, Schools & Utilities

Community

View
None

Utilities

Heating
WallFurnace
Cooling
WallWindowUnits
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

2839 Hillcrest Drive

Los Angeles, CA 90016

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Frequently Asked Questions About 2839 Hillcrest Drive

Property type: Residential Income

The current asking price is $1,295,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2839 Hillcrest Drive. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1927. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 24 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Diana Fang
MLS ID: SR175523031

Available property

$1,295,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.