2531 Hillcrest presents an exceptional value-add opportunity in the heart of West Adams, one of LA’s most rapidly evolving neighborhoods. This 6-unit courtyard-style bungalow complex offers investors the potential for 41% rental upside and a projected 8.95% market CAP, or up to 61% rental upside with the addition of an ADU (buyer to verify). Converting the 1-car garage into an ADU could push returns even further, stabilizing the property at a 10.57% CAP and 7.38 GRM based on market rents. Located just north of West Adams Blvd & La Brea Ave, this property benefits from the area’s creative and cultural resurgence. West Adams has quickly become a hub for high-profile mixed-use developments, innovative office spaces, and a booming food scene, attracting young professionals and entrepreneurs looking for a dynamic urban lifestyle. The property also enjoys close proximity to the Expo Rail Line and major Silicon Beach tech hubs, ensuring long-term tenant demand. Additional amenities include one uncovered parking space and a 1-car garage, which is currently leased for additional income. Whether you’re looking for cash flow, appreciation, or future development potential, 2531 Hillcrest is a strategic investment in one of LA’s most promising neighborhoods.
Property Details
Price:
$1,299,000
MLS #:
25510279
Status:
Active
Baths:
0
Address:
2531 Hillcrest Drive
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Mar 11, 2025
State:
CA
ZIP:
90016
Lot Size:
6,219 sqft / 0.14 acres (approx)
Year Built:
1925
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Schools
Interior
Appliances
Refrigerator
Heating
Wall Furnace
Exterior
Garage Spaces
1.00
Parking Features
Garage – Single Door, Uncovered
Parking Spots
2.00
Security Features
Gated Community
Stories Total
1
View
None
Financial
Map
Community
- Address2531 Hillcrest Drive Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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2531 Hillcrest Drive
Los Angeles, CA
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