Property Details
About this Property
Welcome to this prime 16-unit apartment building located in the heart of Park Hills Heights, one of Los Angeles’ most vibrant and historically significant neighborhoods. This is a rare opportunity considering the area's low inventory and a great property to add to your portfolio with a projected 5.22% Cap Rate and a 48% upside in rental income. This property offers a unique investment opportunity in an appreciating area known for its rich cultural heritage and strong community ties. With a mix of one and two-bedroom units organized into four-unit complexes with two units on each level. The building features a brand-new roof installed in 2023, ensuring long-term durability and peace of mind for the next owner. Each tenant enjoys the convenience of a detached garage and access to on-site laundry facilities, making this property a sought-after choice for renters. The building also offers secure entry and dedicated parking, further enhancing its appeal. With the ongoing development in Park Hills Heights and the nearby Crenshaw/LAX Metro Line, the area is poised for continued growth, presenting an excellent opportunity for future rent increases. For investors looking to maximize returns, there is significant potential to boost cash flow through strategic renovations and rent a
MLS Listing Information
MLS #
CRPV24178488
MLS Source
California Regional MLS
Interior Features
Cooling
None
Heating
Floor Furnace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 16 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anthony Self
Harcourts Hunter Mason Realty
License #: 01906720
Phone: (866) 720-8111
Co-Listing Agent
Courtney Self
License #: 01229263
Phone: (310) 540-3331
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
4018 Hillcrest Dr is a Residential Income in Los Angeles, CA 90008. This – square foot property sits on a 21,730 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,953,000 and was built in 1948. This address can also be written as 4018 Hillcrest Dr, Los Angeles, CA 90008.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Anthony Self, (866) 720-8111
