Courtesy of: Diana Fang, Landon Realty Group, diana@phoenixpropertiesla.com
Courtesy of: Diana Fang, Landon Realty Group, diana@phoenixpropertiesla.com
$1,295,000
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8 bed
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5.00 Bath (5 Full)
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Lot: 0.15 Acres
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Triplex
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$1,295,000
2839 Hillcrest Drive Seize a rare opportunity to acquire a cash-flowing triplex in West Adams - one of Los Angeles' most dynamic and appreciating neighborhoods. This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit - all with a private yards - maximizing rental income. Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106, 680 and Net Operating Income of $80, 455, reflecting a 12.14 GRM and a 6.2% cap rate. Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.
Courtesy of: Diana Fang, Landon Realty Group, diana@phoenixpropertiesla.com
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