Active

3949 Hillcrest Dr #1

Los Angeles CA, 90008

$1,348,000


$186.29 per sqft

Active

12 Beds

7,236 sqft

Multi-family

Built in 1955

Presenting an exceptional 8-unit multi-family property located in the desirable Baldwin Village neighborhood of Los Angeles. This well-maintained building sits on a spacious, verdant 10,799 sq ft lot and features 7,236 sq ft of rentable space. The property offers a well-balanced unit mix of 4, two-bedroom units and 4, one-bedroom units, each contributing to consistent cash flow. This is a rare probate sale with full seller authority to sell, meaning no court confirmation or overbid hearing is required. The process is streamlined for a fast and efficient transaction, making it an attractive opportunity for both seasoned investors and first-time buyers. All units are currently rented, generating a strong gross annual income of $116,304, plus an additional apx. $200 per year from the on-site laundry facility. With current rents significantly below market value (and priced accordingly), this investment has tremendous upside income potential with projected rents of $2,300/month for the 2-bedroom units and $1,900/month for the 1-bedroom units, boosting overall returns. The gated property boasts lovely landscaping, including fruit and specimen trees on the oversized lot, offering a serene and secure environment for tenants and 6 gated parking garage spaces. The property is ideally situated near key Los Angeles neighborhoods including Inglewood, Leimert Park, and Culver City. Residents enjoy easy access to the area's diverse dining, shopping, and entertainment options. Explore local favorites like the Baldwin Hills Crenshaw Plaza, with a wide variety of shops, eateries, and entertainment options, or enjoy the nearby restaurants and cafes in Leimert Park. For those commuting or seeking easy transit access, the property is conveniently located near the Crenshaw and Expo Metro lines, providing quick connections to Downtown LA, Culver City, and other major areas. Priced to attract multiple offers, this property presents an excellent opportunity for immediate cash flow and future appreciation, offering a competitive cap rate based on current net income (NOI). The Estate is motivated to sell quickly, and with no court delays or overbid hearings, this rare opportunity will not last long. Showings will only be arranged subject to an acceptable offer. Contact us today for more details! More photos to come, soon! UPDATE: Offers are due on or before Friday, January 24 2025 at 8 PM.

25-485289

MLS ID

January 18, 2025

Listed

January 19, 2025

Updated

Map

3949 Hillcrest Dr #1
Los Angeles CA, 90008

Interior Features

Bedrooms

12


Fireplace

No


Cooling

Yes


Cooling Description

No A/C


Heating

No

Exterior/Building Features

Lot Size

0.25 Acres


Architectual Style

Other Style

Other Property Details

Garage

No


View

No


County

Los Angeles


Pool

No

 

Courtesy of Michael Kessler

Based on information from DASH - Coldwell Banker (CB) as of 1/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2025 DASH - Coldwell Banker (CB). All rights reserved. 

Data last updated 8:09 PM UTC, 1/19/2025

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