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2839 Hillcrest Dr
Los Angeles, CA 90016
West Adams Triplex · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Rear ADU Exempt from LA City Rent Control
- Current Financials: GRM 13.96 · Cap Rate 5.24%, Pro Forma (Market Rents): GRM 12.36 · Cap Rate 6.17%
- Meticulously Maintained — Upgrades include mainline/copper plumbing, electrical, windows, new roof to name a few (full list in OM)
- Unit Mix: One 4BD/2BA · One 3BD/2BA · One 1BD/1BA, 100% Occupied — Immediate income with an estimated GOI of $106,689
- Prime Rental Location — Approx. 12-minute drive to USC campus
- Easy Freeway & Transit Access — I-10 / CA-110 freeways and E Line
Executive Summary
Seize a rare opportunity to acquire a fully occupied, cash-flowing triplex in West Adams — one of Los Angeles' most dynamic and appreciating neighborhoods.
Offered at $1,490,000 with a 13.96 GRM and a 5.24% 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-all with a private yard— maximizing rental income and tenant diversity.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals as well as anyone who likes being 20 minutes from everywhere, and steps from some of LA's most exciting new restaurants.
The Collective Realty and listing agent does not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. Buyer is advised to independently verify the accuracy of all information. Please do not disturb tenants. Interior inspection with accepted offer.
Offered at $1,490,000 with a 13.96 GRM and a 5.24% 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-all with a private yard— maximizing rental income and tenant diversity.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws from a deep and consistent rental pool of students, faculty, and university-area professionals as well as anyone who likes being 20 minutes from everywhere, and steps from some of LA's most exciting new restaurants.
The Collective Realty and listing agent does not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. Buyer is advised to independently verify the accuracy of all information. Please do not disturb tenants. Interior inspection with accepted offer.
Property Facts
| Price Per Unit | $496,667 | Building Size | 3,462 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.24% | No. Stories | 1 |
| Gross Rent Multiplier | 13.96 | Year Built | 1927 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price Per Unit | $496,667 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 13.96 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,462 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,781 | 1,200 |
| 1+1 | 1 | $1,664 | 570 |
| 4+2 | 1 | $4,445 | 1,600 |
Property Taxes
| Parcel Number | 5057-007-019 | Improvements Assessment | $234,356 |
| Land Assessment | $546,836 | Total Assessment | $781,192 |
Property Taxes
Parcel Number
5057-007-019
Land Assessment
$546,836
Improvements Assessment
$234,356
Total Assessment
$781,192
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