2304 Hillcrest Drive, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2304 Hillcrest Drive, Los Angeles, California 90016 home-pic-0
ACTIVE$989,000
2304 Hillcrest Drive, Los Angeles, California 90016
0Bed
0Bath
2,540Sqft
7,010Lot
Year Built
1920
Close
-
List price
$989K
Original List price
$989K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
CV25134139
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $989.0K(50th), sqft - 2540(50th), beds - undefined(50th), baths - undefined(50th).

Discover an excellent investment and living opportunity in the heart of West Adams! Welcome to 2304 Hillcrest Dr, Los Angeles! This well-maintained duplex offers two spacious 2-bedroom, 1-bathroom units, each with laundry hookups, totaling approximately 2,540 square feet on a 7,010 square foot lot. Both units have been updated over the years, with recent improvements including a newer electrical panel, fresh exterior paint, and a beautifully redone backyard, perfect for relaxation or entertaining. Live in one unit and rent the other, or add a solid income-producing property to your portfolio. One unit is currently tenant-occupied on a month-to-month basis with a cooperative tenant who will remain for the next owner, providing immediate income with ease. Centrally located near DTLA, LA Live, major freeways, and endless dining and entertainment options, this duplex offers both convenience and long-term value. Property is located within a rent-controlled area of Los Angeles. Buyer to conduct their own due diligence with the City of LA regarding tenancy and rent control regulations. Don’t miss this opportunity to own in one of LA’s most vibrant and growing neighborhoods.

Price History

Date
Event
Price
07/05/25
$989,000
12/24/03
Sold
$435,000
05/13/97
Sold
$120,000
Condition Rating
Fair

The property was built in 1920 and while the description mentions updates, the images show an older style kitchen and bathrooms. The appliances appear to be functional but not modern. The flooring and paint seem to be in decent condition, but the overall style is dated. Therefore, a 'fair' rating is appropriate.
Pros & Cons

Pros

Income Potential: Duplex offers the opportunity to live in one unit and rent the other, or rent out both units for a solid income stream.
Updated Units: Both units have been updated over the years, suggesting reduced immediate maintenance needs.
Recent Improvements: Newer electrical panel and fresh exterior paint enhance the property's appeal and reduce potential future expenses.
Desirable Location: Centrally located near DTLA, LA Live, major freeways, and various dining and entertainment options, increasing its desirability.
Large Lot Size: The 7,010 square foot lot provides ample outdoor space and potential for future expansion or development.

Cons

Rent Control: Property is located in a rent-controlled area of Los Angeles, which may limit potential rental income increases.
Tenant Occupied: One unit is currently tenant-occupied, which may limit immediate flexibility for owner-occupancy or significant renovations.
Age of Property: Built in 1920, the property may have underlying structural or system issues common in older buildings.

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