3950 Hillcrest Drive, Los Angeles, CA 90008
- $2,250,000
- 14
- BD
- 16
- BA
- 10,359
- SqFt
- Sold Price
- $2,250,000
- List Price
- $2,600,000
- Closing Date
- Sep 19, 2025
- Status
- CLOSED
- MLS#
- 25564181
- Year Built
- 1955
- Bedrooms
- 14
- Bathrooms
- 16
- Living Sq. Ft
- 10,359
- Lot Size
- 10,204
- Acres
- 0.23
- Days on Market
- 27
- Property Type
- Multifamily
- Stories
- Multi Level
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. .
Additional Information
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 16
Listing courtesy of Listing Agent: Chandler Rockwell (chandler@fredleedsproperties.com) from Listing Office: Fred Leeds Asset Group Inc..
Listing sold by Chandler Rockwell from Fred Leeds Asset Group Inc.
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