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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 Type(s):
Residential Income
| Last Updated | 3/11/2025 | Year Built | 1925 |
|---|---|---|---|
| Community | Mid Los Angeles | Garage Spaces | 1.0 |
| County | Los Angeles |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | Mid Los Angeles |
| GARAGE | Door-Single, Garage, Uncovered, Yes |
| HEAT | Wall Furnace |
| LOT | 6219 sq ft |
| PARKING | Door-Single,Garage,Uncovered |
| STORIES | 1 |
| STYLE | Bungalow |
| VIEW DESCRIPTION | None |
| ZONING | LAR2 |
Location
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Listed with Compass
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