2531 Hillcrest Drive

    Los Angeles (City), CA 90016
    • $1,290,000
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • MLS #: 18415450
    Under Contract
    UPDATED: 116 min ago
    $1,290,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,122
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Seven Units in West Adams. Walk to the Expo Line and new Crenshaw Line. Gross Scheduled Income: $85,528. Total Expense: $23,690. Annual Net Income: $61,838. GRM: 15.08. Cap Rate: 4.79%. Unit mix is six 1BD/1BA and one bachelor. Three units completely remodeled with hardwood flooring, new bathroom and new kitchens. Updated plumbing, electrical and roof throughout. New wood fence on side and front. Newly painted. Also has two 1-car garages, both being rented. Great opportunity to own multifamily complex. Low monthly expenses and easy tenants. This area is very renter friendly with walking distance to Expo Line and Crenshaw Line. This area is up-and-coming. Very safe. Easy commute to Hollywood, downtown LA or Santa Monica. Great for 1031 exchange. Tremendous upside as Adams Blvd. continues to develop with new restaurants, boutique shops, and even hipster motels. This won't last!

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.teamwasserman.com/homes/90047916

    2531 Hillcrest Drive Los Angeles (City), CA 90016

    • Price: $1,290,000
    • Status: Active Under Contract
    • Updated: 116 min ago
    • MLS #: 18415450
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,122
    SQFT
    $413
    $/SQFT
    1925
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    Seven Units in West Adams. Walk to the Expo Line and new Crenshaw Line. Gross Scheduled Income: $85,528. Total Expense: $23,690. Annual Net Income: $61,838. GRM: 15.08. Cap Rate: 4.79%. Unit mix is six 1BD/1BA and one bachelor. Three units completely remodeled with hardwood flooring, new bathroom and new kitchens. Updated plumbing, electrical and roof throughout. New wood fence on side and front. Newly painted. Also has two 1-car garages, both being rented. Great opportunity to own multifamily complex. Low monthly expenses and easy tenants. This area is very renter friendly with walking distance to Expo Line and Crenshaw Line. This area is up-and-coming. Very safe. Easy commute to Hollywood, downtown LA or Santa Monica. Great for 1031 exchange. Tremendous upside as Adams Blvd. continues to develop with new restaurants, boutique shops, and even hipster motels. This won't last!
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 4

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 7.00 Cooling Type Ceiling Fan(S)Other Entry Level 0

    Property Features

    Act Total Rent 0.00 Adj Gross Income 85528.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As IsRent Control Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 85528.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 61838.00 Number Of Buildings 4 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Total Annual Op Exp 23690.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Andrew Watkins of Pacific Playa Realty.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Team Wasserman
    78065 Main Street, Suite 205
    La Quinta CA, 92253