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    2531 Hillcrest Dr Los Angeles, CA 90016

    For Sale
    $1,299,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    3,122 SF
    Lot size:
    0.14 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 2531 Hillcrest Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 3, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
    Bedrooms
    6
    Bathrooms
    6
    APN
    5057-005-017
    Parking
    2
    Parking features
    Covered, Garage
    Size
    3,122 SF
    Lot size
    0.14 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1925
    Floors in Building
    1
    Number of units
    6

    Compass

    Listing agent Kenny Stevens (310) 230-5478 License #01090251

    Listing date Oct 22, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Adams Multifamily Investment Opportunity

    Located in West Adams, 2531 Hillcrest is positioned in an area undergoing cultural transformation. The neighborhood is known for its historic architecture, emerging food scene, and proximity to the Expo Rail Line and Silicon Beach. The property, constructed in 1925, is a courtyard-style bungalow complex featuring six one-bedroom units. Each unit averages approximately 520 square feet. The units are arranged around a central courtyard on a 6,217 square foot lot zoned LAR2. The property includes an uncovered parking space and a one-car garage, currently leased for additional income. The property offers potential for rental upside based on comparable renovated units in the area. The location is just north of West Adams Boulevard and La Brea Avenue. High-profile mixed-use developments and innovative office spaces continue to reshape the area, reinforcing strong and growing tenant demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.34268
    Latitude
    34.033149

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    FAQs

    What type of property is this?
    Apartment building - Classic bungalow complex in a dynamic Los Angeles neighborhood.
    Where is this apartment building located?
    The property is located at 2531 Hillcrest Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Significant rental upside: Current rents are approximately 36% below market value.; - High-growth location in the rapidly evolving West Adams neighborhood.; - Strong investment metrics: Projected 8.92% market CAP rate.
    (310) 230-5478
    Request Owner's contact information
    2531 Hillcrest Dr Los Angeles, CA 90016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2531 Hillcrest Dr Los Angeles, CA 90016
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