2839 Hillcrest Drive, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Strong Value Opportunity is a turnkey triplex listed at $1,375,000, positioned well below the $1,472,433 Fair Market Value by 6%. This valuation gap provides $97,433 in Instant Equity. Featuring a Condition Rating of 3, the property includes significant upgrades like copper plumbing and a new roof. With its proximity to USC and strong rental demand, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate, stable cash flow in a dynamic Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2839 Hillcrest Drive Subject | $1,375,000* List Price | 0 | 0 | 3,462 | $425 | - |
A 3020 S Palm Grove Sold | $1,100,000 | 5 | 4 | 2,714 | $405 | 0.4 mi |
B 2104 Crenshaw Boulevard Active | $1,400,000 List Price | 0 | 0 | 2,780 | $504 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1927 build date, the property is in turnkey condition with significant capital improvements including updated copper plumbing, electrical systems, and roof. Interior photos show modern laminate flooring and updated fixtures, suggesting a renovation within the 5-15 year range that makes it move-in ready for tenants.
The property boasts a 5.8% cap rate and a 12.89 GRM, offering immediate and stable cash flow that outperforms many turnkey assets in the Los Angeles market.
Located just 12 minutes from USC with easy access to the I-10 and CA-110, the property is perfectly positioned to capture a consistent pool of student and professional tenants.
Meticulous maintenance and major upgrades to copper plumbing, electrical systems, and the roof reduce the likelihood of significant near-term capital expenditures.
The assigned middle and high schools have low ratings (2/10), which may deter long-term family tenants and impact future appreciation compared to areas with higher-rated districts.
Despite recent upgrades, the 1927 construction date means the property may still harbor age-related challenges inherent in century-old structures that require specialized ongoing care.
Seize a rare opportunity to a cash-flowing triplex in West Adams-one of Los Angeles' most dynamic neighborhoods. Offered at $1,375,000 with a 12.89 GRM and a 5.8% cap rate, this turnkey asset delivers immediate, stable returns from day one. The property features a strong unit mix: a 4BD/2BA main unit, a 3BD/2BA second unit, and a 1BD/1BA rear unit (non-RSO) with large private yard maximizing rental income. The property has also been meticulously maintained with many upgrades including copper plumbing, electrical, roof to name a few. Located just 12 minutes from USC, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals. Quick access to the I-10 and CA-110 freeways puts tenants within easy reach of Downtown Los Angeles, Culver City, and beyond.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,462 | 2,250 |
| Lot Size | 6,502 | 5,864 |
| Price | $1.38M | $826.7K |
| Price per sq ft | $397 | $395 |
| Built year | 1927 | 1925 |
| HOA | $0 | $0 |
| Days on market | 26 | 83 |
Jun 26, 2026
$1,375,000
Initial Listing
May 5, 2015
$650,000
Public Record