3039 Hillcrest Drive Los Angeles, CA ^$ 1,399,000

3039 Hillcrest Drive

^$ 1,399,000

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3039 Hillcrest Drive

Los Angeles, CA, 90016

^$ 1,399,000

Bedrooms6 Baths3.0 Sq 2,621

Monthly Estimate*

^$ 9,772

Listed by Keller Williams Larchmont

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Multi-Family Home for sale in Los Angeles, CA

for $1,399,000 with 6 bedrooms and 3 full baths. This 2,621 square foot home was built in 1940 on a lot size of 0.1612.

Welcome to the exciting West Adams community ~ the sought-after spot for its burgeoning art scene and interesting blend of new and established culinary attractions, architecture and culture. This is one of the most flexible investments you will find if you want to make this your home or as an addition to any portfolio. Well maintained triplex with 3 spacious 2 bedrooms 1 bath apartments. Laundry is included in all the units. Property has been rehabbed at different stages and are all in good working order cosmetically and systems. Serene common area back garden is perfect for reading and relaxing. One of the special features of this site is the unusually large lot ~ an expansive 7022 square ft lot with plenty of space for additional ADUs. Large 3 car garage space can be replaced with 2 story ADU and still have space for onsite parking available. One unit will be delivered vacant. The area is designated as an opportunity zone and could have tax incentives. Within a couple of blocks catch the Expo line that travels to the ocean and connects to other areas and cities. Enjoy West Adams restaurants ~ The 10,000-square-foot Maydan Market will sit on the corner of West Jefferson Boulevard and Hillcrest Drive, Highly Likely, Alta Adams, Open Face Cafe and many more. A short ride away is Culver City with it's many restaurants and gastro pubs, weekly Farmer's Market, Trader Joe's, movie theater, art galleries, wellness studios. Sony and Culver Studios are a few minutes drive. 20 minutes to the beach, Beverly Hills, USC, UCLA, LAX! Connection to People Mover to LAX coming soon.

Multi-Family Pending

Price

^$ 1,399,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1612

Year Built

1940

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24375313

Days on Market

Features

General

Heating WallFurnace

Cooling None

Appliances Dryer Washer

Zoning LAR1

Architectural Style Other

Pool Features None

Year Built 1940

Tenant Pays CableTV Electricity Gas Other

View None

Stories 1

Levels One

Gross Income 97200.0

County Los Angeles

Net Operating Income 68950.0

Insurance Expense 2200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions North of Jefferson- West of Crenshaw

City Los Angeles

Disclosures FloodPlainDisclosure RentControl

View Y/N N

Senior Community Y/N N

Total Units 3

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 7022.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Hillcrest

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Water Sewer Expense 2400.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 7

Standard Status Pending

Occupancy Description Tenant

Year Built Source Assessor

Expected Active Date 2024-04-05

Taxes 17488.0

Cap Rate 4.92

Interior

Flooring Laminate Tile

Fireplace Features None

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Total Bedrooms 6

Electric On Property Y/N N

Total Baths 3

Exterior

Parking Features Uncovered

Total Parking 5.0

Lot Size Area 7022.0

Number of Buildings 1

Spa N

Building Area Total 2621.0

Lot Size Acres 0.1612

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3039

* Excluded Features

List By

Keller Williams Larchmont

Broker

(323) 481-4265

Phone

Affordability Calculator

$9,772

Per Month

Monthly Principal & Interest: $9,772
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,993,562

Percent of Sale Price 42%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/6/2024	$1,399,000		Listed Price

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3039 Hillcrest Drive, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,399,000 with 2,621 sqft and a lot size of 0.1612. 3039 Hillcrest Drive has 6 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/2024. 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, 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.

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3039 Hillcrest Drive

Multi-Family Home for sale in Los Angeles, CA

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