3950 Hillcrest Drive
Los Angeles, CA, 90008
$2,600,000
Beds
0 Baths
SqFt
0.23 Acres
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First time on the market in decades. 16-unit value-add opportunity in Baldwin Hills. All 1-bedroom units with a clean layout, gated parking, and separately metered utilities. Currently operating at a 5.6% cap rate with significant upside, pro forma cap over 9.5%. Rents are approx. 44% below market. One unit delivered vacant at close. Excellent location at the nexus of Baldwin Hills, Culver City, and Inglewood strong rental demand and long-term appreciation. .

Property Details

Price:
$2,600,000
MLS #:
25564181
Status:
Active Under Contract
Baths:
0
Address:
3950 Hillcrest Drive
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jul 8, 2025
State:
CA
ZIP:
90008
Lot Size:
10,204 sqft / 0.23 acres (approx)
Year Built:
1955
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Parking Features
Gated, Covered
Parking Spots
14.00

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3950 Hillcrest Drive
Los Angeles, CA