3950 Hillcrest Dr | Los Angeles, CA 90008
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- LoopNet Team
3950 Hillcrest Dr
Los Angeles, CA 90008
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Currently operating at a 5.6% cap rate with immediate cash flow
- Efficient unit mix with strong demand in the Baldwin Hills rental market
- 44%+ upside in rental income
- Situated at the intersection of Baldwin Hills, Inglewood, and Culver City
PROPERTY FACTS
| No. Units | 16 | Building Size | 10,359 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | LAR3 - Multiple Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,359 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1955 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | LAR3 - Multiple Residential |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,608 | 650 |
PROPERTY TAXES
| Parcel Number | 5032-008-025 | Improvements Assessment | $936,543 |
| Land Assessment | $2,132,208 | Total Assessment | $3,068,751 |
PROPERTY TAXES
Parcel Number
5032-008-025
Land Assessment
$2,132,208
Improvements Assessment
$936,543
Total Assessment
$3,068,751
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