3446 Hillcrest Drive, Los Angeles, California 90016, Los Angeles, 90016 - 0 bed, 0 bath
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Los Angeles, California 90016
This Strategic Quadruplex Asset represents a High-Potential Investment Opportunity, listed at $1,000,000—positioned well below the $1,265,131 Fair Market Value by 20%. This valuation gap provides $265,131 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the property features a remodeled vacant unit and a four-car garage ADU potential for significant forced appreciation. Located in a transit-oriented West Adams location directly across from the Metro, it is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3446 Hillcrest Drive Subject | $1,150,000* List Price | 0 | 0 | 3,064 | $434 | - |
A 3020 S Palm Grove Active Under Contract | $1,279,000 List Price | 5 | 4 | 2,714 | $471 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a 1955 structure that has been well-maintained, with at least one unit undergoing a full modern renovation. Interior images reveal high-quality updates including new shaker-style cabinetry, quartz countertops, contemporary black fixtures, recessed lighting, and wood-look laminate flooring. While the exterior reflects its original era, the move-in ready condition of the vacant unit and the overall upkeep of the systems and grounds meet the criteria for a 'good' rating.
The property includes a separate four-car garage structure, providing a prime opportunity for ADU (Accessory Dwelling Unit) conversion to substantially increase density and rental yield.
Ideally situated directly across from the Metro in the high-demand West Adams neighborhood, the property offers excellent connectivity and appeals to a large pool of urban commuters.
With three units currently occupied and one fully remodeled vacant unit, the property generates immediate income while offering an owner-occupant the chance to 'house-hack' and live for a reduced cost.
The assigned middle and high schools have low performance ratings (2/10), which may limit the property's appeal to families and impact long-term tenant stability.
As a 1955-built multi-unit property in Los Angeles, it is subject to the Rent Stabilization Ordinance (RSO), which limits annual rent increases and adds complexity to property management.
In a neighborhood where single-family homes are regularly selling between $1.2M and $1.6M, this exceptional 4-unit property in West Adams presents a rare opportunity at a significantly lower price point. Ideally located directly across from the Metro and just minutes from everything Los Angeles has to offer, this property combines convenience with strong investment potential. The property currently features three occupied units generating $4,168.17 in monthly income, along with a fully remodeled vacant unit with an estimated rental value of $2,100 per month, bringing the projected total income to approximately $6,268.17. Adding even more appeal, the property includes a separate structure with four garage spaces — a prime value-add opportunity for conversion into ADUs, something savvy investors are always looking for. Whether you’re a seasoned investor seeking a value-add opportunity in the desirable 90016 zip code, or someone looking for a manageable multi-unit property with excellent upside, this property checks all the boxes. It also offers a great option for first-time buyers: live in the vacant unit while generating income from the others. With nearby single-family homes commanding $1.2M–$1.6M, this 4-unit property stands out as an exceptional deal. Don’t miss your chance to own a true gem in one of Los Angeles’ most sought-after areas.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,064 | 3,888 | 50% |
| Lot Size | 5,657 | 6,170 | 38% |
| Price | $1.15M | $1.12M | 50% |
| Price per sq ft | $375 | $410 | 38% |
| Built year | 1955 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 165 | 13% |
Apr 10, 2026
$1,150,000
$1,000,000
+15% Price Increase
Initial Listing
Mar 31, 2026
$1,000,000
Initial Listing
Feb 16, 2006
$650,000
Public Record