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Marcie Sands

myagentmarcie@gmail.com +1(760) 644-1562

$ 1,150,000

Est. payment -/mo

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Price Dropped by $149K

2531 Hillcrest DR Los Angeles, CA 90016

6 Beds

6 Baths

3,122 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,122 sqft

Price per Sqft $368

MLS Listing ID 25510279

Bedrooms 6

HOA Y/N No

Year Built 1925

Lot Size 6,220 Sqft

Property Description

***$150,000 Reduction - Offered @ 6.24% current CAP, 10.24 GRM, and $191,667 per unit*** Set in the heart of West Adams, 2531 Hillcrest sits at the center of one of LA's most dynamic cultural transformations. The surrounding neighborhood has evolved into a hub for creative professionals, entrepreneurs, and young families drawn to its historic architecture, emerging food scene, and proximity to both the Expo Rail Line and Silicon Beach's major tech employers. High-profile mixed-use developments and innovative office spaces continue to reshape the area, reinforcing strong and growing tenant demand. Built in 1925, the property is a classic courtyard-style bungalow complex featuring (6) 1-bdrm units that average approx. 520 SF each. The layout offers both charm and functionality, with units arranged around a central courtyard on a spacious 6,217 SF lot zoned LAR2. The property includes an uncovered parking space and a 1-car garage, currently leased for additional income. For investors, 2531 Hillcrest presents clear upside. Current rents are positioned well below market, offering approx. 38% rental upside potential based on comparable renovated units in the area. With a projected 9.81% market CAP and 7.45 GRM, the property combines immediate cash flow with strong appreciation potential in a neighborhood that continues to attract capital and attention. Located just north of West Adams Blvd & La Brea Ave, 2531 Hillcrest offers a strategic entry point into one of LA's most promising neighborhoods, whether you're seeking value-add returns, long-term growth, or future development opportunity.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Laundry None

Exterior

Parking Features Door-Single, Garage, Uncovered

Garage Spaces 1.0

Garage Description 1.0

Community Features Gated

View Y/N No

View None

Total Parking Spaces 2

Building

Faces East

Story 1

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5057005017

Security Features Gated Community

Special Listing Condition Standard

Listed by Kenny Stevens Compass

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Horace Mann School

Public | KG - 8
8

Hancock Park Elementary

Public | KG - 5
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

New Heights Charter

Public | KG - 8
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
5

Shenandoah Street Elementary School

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5
5

Bright Elementary School

Public | KG - 5
5

Kipp Scholar Academy

Public | 5 - 8
5

Hobart Boulevard Elementary School

Public | KG - 5
5

Los Angeles Elementary

Public | KG - 5
5

Camino Nuevo Academy #2

Public | KG - 8

Middle Schools 17

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8
1

Global Education Academy Middle School

Public | 6 - 8
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

Marlborough School

Private | 7 - 12
0

Frederick Douglass Academy Middle School

Public | 6 - 8
0

Joseph Pomeroy Widney High School

Public | 6 - 12

High Schools 20

7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Crenshaw Magnet High School

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12
0

View Park Continuation

Public | 9 - 12
0

Slauson Learning Center 1

Private | 9 - 12
0

Whitney Young Continuation

Public | 9 - 12
0

Academy of Science and Engineering

Public | 9 - 12
0

Bishop Conaty-Our Lady of Loretto High School

Private | 9 - 12

School and business data provided by Attom Data.

Marcie Sands

REALTOR® | CA DRE#01428288

+1(760) 644-1562

Marcie Sands

2531 Hillcrest DR Los Angeles, CA 90016

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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2531 Hillcrest DR