3950 Hillcrest DR Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,359 sqft
Price per Sqft $250
MLS Listing ID 25564181
Bedrooms 14
HOA Y/N No
Year Built 1955
Lot Size 10,206 Sqft
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 Phht - Park Hills Heights
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Covered,Gated
Total Parking Spaces 14
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5032008025
Special Listing Condition Standard