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3,462 sqft

$1,295,000

2839 Hillcrest Drive, Los Angeles CA, 90016

Price per sqft$374.06
Built in1927
Property size3,462 sqft
Property typeMulti-family
Listed by Diana Fang CA DRE# 01918964 with Landon Realty Group 213-422-4358

Overview

Active

Listed Oct 1, 2026

Updated 2 days ago

Seize a rare opportunity to acquire a cash-flowing triplex in West Adams — one of Los Angeles' most dynamic and appreciating neighborhoods. This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit — all with a private yards — maximizing rental income. Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate. Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.

$8,616/mo

Est. mortgage payment based on a $1,295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SR26208145

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Maintenance Expense
$1,146
55+/Senior Community
No
MLS provider logo

Listed by Diana Fang CA DRE# 01918964 with Landon Realty Group 213-422-4358

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2026 at 3:54 AM UTC Last Checked: 3:54 AM UTC

 

 

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