$2,600,000
3950 Hillcrest Drive
Los Angeles, CA, 90008
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. .
Property Details
Price:
$2,600,000
MLS #:
25564181
Status:
Active Under Contract
Baths:
0
Address:
3950 Hillcrest Drive
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jul 8, 2025
State:
CA
ZIP:
90008
Lot Size:
10,204 sqft / 0.23 acres (approx)
Year Built:
1955
Schools
Interior
Exterior
Parking Features
Gated, Covered
Parking Spots
14.00
Financial
Mortgage Calculator
Map
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Courtesy of Fred Leeds Asset Group Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Houzerz Real Estate and Loans include the name of the listing broker. Neither the listing company nor Houzerz Real Estate and Loans shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 3950 Hillcrest Drive
Los Angeles, CA
