About This Home

This 8-bedroom, 5-bathroom multi-family at 2839 Hillcrest Drive in Los Angeles, CA is listed for $1,295,000. Built in 1927, on a 0.15 acres lot.

Key Features

  • Built in 1927
  • 0.15 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
5 full
2 spaces
1927

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$6,926/mo

20% down · 6.5% · 30 years

Principal$937
Interest$5,612
Insurance$378

Estimates only. Actual payments may vary.

Location

2839 Hillcrest Drive

Los Angeles, CA 90016

Property Details

Parking

Driveway

Heating

Wall Furnace

Cooling

Window Unit(s)Wall/Window Unit(s)

Appliances

RefrigeratorVented Exhaust FanDishwasher

Questions & Answers

This 8-bedroom, 5-bathroom multi-family at 2839 Hillcrest Drive is listed at $1,295,000. The estimated monthly payment is $6,926 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1927, 0.15 acre lot, 2 stories, 2 parking spaces.

This property is listed by Diana Fang.

DF

Diana Fang

License 01918964

Agent at Landon Realty Group

Listed by Landon Realty Group · Broker phone: (818) 613-1767 · Broker website

MLS# SR26208145· Source: California Regional Multiple Listing Service, Inc· 52 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2839 Hillcrest Drive, Los Angeles, CA 90016

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