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3950 Hillcrest Dr Los Angeles, CA 90008
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Key Details
Sold Price $2,250,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,359 sqft
Price per Sqft $217
MLS Listing ID 25564181
Sold Date 09/19/25
Bedrooms 14
Year Built 1955
Lot Size 10,204 Sqft
Acres 0.2343
Property Sub-Type Multi-Family
Property Description
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. .
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Window Unit(s)
Equipment Ceiling Fan
Exterior
Parking Features Gated, Covered Parking
Garage Spaces 14.0
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Fred Leeds Asset Group Inc.
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