Apartment Buildings /CA /Los Angeles County /Los Angeles /3950 Hillcrest Dr
Apartment Buildings /CA /Los Angeles County /Los Angeles /3950 Hillcrest Dr

3950 Hillcrest Dr - Apartments FOR SALE


Los Angeles, CA 90008- Crenshaw | 
$2,600,000 USD
510-468-7404
3950 Hillcrest Dr, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/6
null | 5.6% Cap Rate
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3950 Hillcrest Dr
Los Angeles, CA 90008
Crenshaw

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HIGHLIGHTS

  • Currently operating at a 5.6% cap rate with immediate cash flow
  • 44%+ upside in rental income
  • Efficient unit mix with strong demand in the Baldwin Hills rental market
  • Situated at the intersection of Baldwin Hills, Inglewood, and Culver City

OVERVIEW

5.6% cap | 9.5% pro forma 16 one-bedroom units Huge value-add potential — rents are 44% below market Prime location: Baldwin Hills x Inglewood x Culver Mix of Standard and Subsidized Leases

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

5.6%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,078 SF

ZONING

-

APN/PARCEL ID

5032-008-025

ASK ABOUT THIS PROPERTY

Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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