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2531 Hillcrest Drive

Los Angeles, CA 90016

– beds
– baths
– sqft
6,219 sqft lot
1925 build
– on site

2531 Hillcrest presents an exceptional value-add opportunity in the heart of West Adams, one of LA's most rapidly evolving neighborhoods. This 6-unit courtyard-style bungalow complex offers investors the potential for 41% rental upside and a projected 8.95% market CAP, or up to 61% rental upside with the addition of an ADU (buyer to verify). Converting the 1-car garage into an ADU could push returns even further, stabilizing the property at a 10.57% CAP and 7.38 GRM based on market rents. Located just north of West Adams Blvd & La Brea Ave, this property benefits from the area's creative and cultural resurgence. West Adams has quickly become a hub for high-profile mixed-use developments, innovative office spaces, and a booming food scene, attracting young professionals and entrepreneurs looking for a dynamic urban lifestyle. The property also enjoys close proximity to the Expo Rail Line and major Silicon Beach tech hubs, ensuring long-term tenant demand. Additional amenities include one uncovered parking space and a 1-car garage, which is currently leased for additional income. Whether you're looking for cash flow, appreciation, or future development potential, 2531 Hillcrest is a strategic investment in one of LA's most promising neighborhoods.

Listed By CRMLS_CA / Kenny Stevens / Compass

Last checked: Checking… • Last updated Mar 12, 2025 •

MLS# 25510279 —

The Building

Year Built:

1925
New Construction:

No
Building Area Total:

3122.00
Total Number Of Units:

6
# of Buildings:

3
Architectural Style:

Bungalow
Stories Total:

1
Faces:

East

Interior

Levels:

One

Location

Directions:

Located just north of West Adams Blvd - between S. La Brea Ave. and Crenshaw Blvd.
Latitude:

34.03314900
Longitude:

-118.34268000

The Property

Property Type:

Residential Income
Zoning:

LAR2
Lot Size Area:

6219.0000
Lot Size Acres:

0.1428
Lot Size SqFt:

6219.00
View:

None
Security Features:

Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5057005017

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Appliances:

Refrigerator
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Garage - Single Door, Uncovered
Parking Spaces:

2.00
Garage Spaces:

1.00
Uncovered Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/11/25 Mar 11, 2025	Listed / Active	CRMLS_CA	$1,299,000	8.9% (1.5% / YR)
2/26/24 Feb 26, 2024	Price Changed	CRMLS_CA
9/18/23 Sep 18, 2023	Listed / Active	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90016 is currently for sale for $1,299,000. 2531 Hillcrest Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 38 days. 2531 Hillcrest Drive is in the South LA neighborhood of Los Angeles and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Susan Miller Dorsey Senior High School, Virginia Road Elementary School, and Johnnie L Cochran Jr Middle School.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Apr 17.

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. 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 and 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.