3949 Hillcrest Drive #1

Los Angeles, CA 90008

  • 12 Bed(s)
  • 0 Bath(s)
  • 7,236 Sqft
  • 10799
    Sqft(Lot)
$1,348,000

Description

Presenting an exceptional 8-unit multi-family property located in the desirable baldwin village neighborhood of los angeles. this well-maintained building sits on a spacious, verdant 10,799 sq ft lot and features 7,236 sq ft of rentable space. the property offers a well-balanced unit mix of 4, two-bedroom units and 4, one-bedroom units, each contributing to consistent cash flow. this is a rare probate sale with full seller authority to sell, meaning no court confirmation or overbid hearing is required. the process is streamlined for a fast and efficient transaction, making it an attractive opportunity for both seasoned investors and first-time buyers. all units are currently rented, generating a strong gross annual income of $116,304, plus an additional apx. $200 per year from the on-site laundry facility. with current rents significantly below market value (and priced accordingly), this investment has tremendous upside income potential with projected rents of $2,300/month for the 2-bedroom units and $1,900/month for the 1-bedroom units, boosting overall returns. the gated property boasts lovely landscaping, including fruit and specimen trees on the oversized lot, offering a serene and secure environment for tenants and 6 gated parking garage spaces. the property is ideally situated near key los angeles neighborhoods including inglewood, leimert park, and culver city. residents enjoy easy access to the area's diverse dining, shopping, and entertainment options. explore local favorites like the baldwin hills crenshaw plaza, with a wide variety of shops, eateries, and entertainment options, or enjoy the nearby restaurants and cafes in leimert park. for those commuting or seeking easy transit access, the property is conveniently located near the crenshaw and expo metro lines, providing quick connections to downtown la, culver city, and other major areas. priced to attract multiple offers, this property presents an excellent opportunity for immediate cash flow and future appreciation, offering a competitive cap rate based on current net income (noi). the estate is motivated to sell quickly, and with no court delays or overbid hearings, this rare opportunity will not last long. showings will only be arranged subject to an acceptable offer. contact us today for more details! more photos to come, soon! update: offers are due on or before friday, january 24 2025 at 8 pm.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48375736

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Disposal,Refrigerator

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1955
    • Building Area Total: 7,236

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2479
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 10799

  • Listing Price Information

    • Original List Price: 1,348,000
    • Listing Contract Date: 2025-01-18

    Lease Information

    • Listing Agreement: Probate

  • Tax Information

    • Parcel Number: 5030014007

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: PHHT - Park Hills Heights
    • Postal Code Plus 4: 1643
    • Directions: South of MLK, east of La Cienega
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: PHHT - Park Hills Heights

    Building and Construction

    • Property Age: 70
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7236
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/05/2025 @ 09:52

  • MLS: 25485289
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 7,236 sqft, 10,799 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90008, this Los Angeles County Home are nearby neighborhoods.