2531 Hillcrest Drive is a charming 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. Located just north of West Adams Blvd, this rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into the community. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. 2531 Hillcrest features (6) 1-bdrm. units offering 58% in rental upside, and at the list price, stabilizes at a 9.25% CAP and 8.35 GRM. Additional property amenities include a laundry room, an uncovered parking space, and a one-car garage.

Based on information submitted to CRMLS as of December 2, 2023 11:51 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 2531 Hillcrest Drive

Property Details

Property Details

Basic Information

Interior Features

Interior Features

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

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Bridge Multifamily Team