9
See all 9 photos
$2,600,000
Est. payment /mo
14 Beds
16 Baths
10,359 SqFt
New
3950 Hillcrest DR Los Angeles, CA 90008
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,359 sqft
Price per Sqft $250
MLS Listing ID 25564181
Bedrooms 14
HOA Y/N No
Year Built 1955
Lot Size 10,206 Sqft
Property Description
First time on the market in decades. 16-unit value-add opportunity in Baldwin Hills. All 1-bedroom units with a clean layout, gated parking, and separately metered utilities. Currently operating at a 5.6% cap rate with significant upside, pro forma cap over 9.5%. Rents are approx. 44% below market. One unit delivered vacant at close. Excellent location at the nexus of Baldwin Hills, Culver City, and Inglewood strong rental demand and long-term appreciation. .
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Covered, Gated
Total Parking Spaces 14
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5032008025
Special Listing Condition Standard
Listed by Chandler Rockwell Fred Leeds Asset Group Inc.