Detailed Introduction Of This Home
2531 Hillcrest Drive is a charming 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. Located just north of West Adams Blvd, this rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into the community. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. 2531 Hillcrest features (6) 1-bdrm. units offering 58% in rental upside, and at the list price, stabilizes at a 9.25% CAP and 8.35 GRM. Additional property amenities include a laundry room, an uncovered parking space, and a one-car garage.