3950 Hillcrest Dr new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,359 sqft
Price per Sqft $250
MLS Listing ID 25564181
Bedrooms 14
Year Built 1955
Lot Size 10,204 Sqft
Acres 0.2343
Property Sub-Type Multi-Family
Property Description
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. .
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Window Unit(s)
Equipment Ceiling Fan
Exterior
Parking Features Gated, Covered Parking
Garage Spaces 14.0
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard