3107 Hollycrest Drive, Los Angeles, California 90068, Los Angeles, 90068 - bed, bath
ACTIVE$1,600,000
3107 Hollycrest Drive, Los Angeles, California 90068
0Bed
0Bath
2,692Sqft
5,801Lot
Year Built
1950
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
WS25181012
Home ConditionFair
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(67th), sqft - 2692(33th), beds - undefined(50th), baths - undefined(50th).
Your chance to own this Spanish style 4 plex in the neighborhood of Hollywood Hills that generates great income! This property has 2 separate buildings of duplex, the 2 units on Cahuenga Blvd. are single story 1 bed 1 bath and the 2 units on Hollycrest Dr are 3 levels 1 bed & 1.5 bath with a loft area and high ceilings. Seller has put Brand New Roof on 2 of the units. All unit has separate Gas and Electricity Meters. This property is close to Hollywood Bowl, Universal Studios, and major freeways.
Nearby schools
8/10
Valley View Elementary School
Public,•K-6•0.2mi
7/10
Rio Vista Elementary School
Public,•K-5•1.9mi
7/10
Gardner Street Elementary School
Public,•K-6•2.0mi
4/10
Selma Avenue Elementary School
Public,•K-6•2.0mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.1mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•2.2mi
4/10
Grant Elementary School
Public,•K-6•2.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•3.4mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.9mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•4.3mi
6/10
Hollywood Senior High School
Public,•9-12•2.1mi
7/10
Burroughs High School
Public,•9-12•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•3.2mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•3.5mi
8/10
North Hollywood Senior High School
Public,•9-12•3.6mi
8/10
John Marshall Senior High School
Public,•9-12•4.1mi
Price History
Date
Event
Price
08/11/25
Listing
$1,600,000
08/30/22
Sold
$1,620,000
Condition Rating
Fair
Built in 1950, this property is over 70 years old. While the listing mentions new roofs on two units, the interior images of the kitchen and bathroom clearly show dated features. The kitchen has older cabinets, basic laminate countertops, and a mix of older and newer appliances. The bathroom is also very dated with an old-style vanity, small shower, and a visible wall heater, suggesting a lack of modern HVAC. The property appears functional and maintained for rental purposes, but it has not undergone extensive modern renovations and shows significant signs of age, requiring substantial cosmetic and system updates to meet contemporary standards.
Pros & Cons
Pros
Strong Income Potential: This 4-plex is explicitly marketed as an income-generating property in the desirable Hollywood Hills, offering a solid investment opportunity.
Prime Location: Situated in the prestigious Hollywood Hills, the property benefits from proximity to major attractions like Hollywood Bowl, Universal Studios, and convenient freeway access, enhancing tenant appeal.
Diverse Unit Configurations: The property features a versatile mix of single-story 1-bed/1-bath units and unique 3-level 1-bed/1.5-bath units with lofts and high ceilings, catering to a broader range of tenants.
Separate Utility Meters: All units have separate gas and electricity meters, a significant advantage for landlords as it simplifies billing and reduces owner-borne utility costs.
Recent Capital Improvement: The seller has installed brand new roofs on two of the units, indicating proactive maintenance and reducing immediate capital expenditure for a portion of the property.
Cons
Property Age: Built in 1950, the property's age suggests potential for outdated systems (e.g., plumbing, electrical) and deferred maintenance beyond the recently replaced roofs, which may require future investment.
Partial Roof Replacement: While two units have new roofs, the remaining two units do not, implying potential future expenses for roof replacement or repair on those units.
Limited Bedroom Count: All units are 1-bedroom, which might limit the tenant demographic and potential rental income compared to properties offering larger 2 or 3-bedroom units.