4018 Hillcrest Drive
Los Angeles, CA 90008
0.50 acres | #PV24178488
Description
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 adjustments. Upgrading the units and common areas in line with the neighborhood’s revitalization efforts could command higher rents, making this property an ideal addition to any investment portfolio.
Centrally located within minutes of major Freeways, this ideal location provides access to major area shopping areas nearby educational opportunities, and much more.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Anthony Self (#VSELFANT)
Listing Office: Harcourts Hunter Mason Realty (#v8550)
Listing Courtesy (Buyer)
Buyer's Agent: Josh Cohen (#SCOHEJOS)
