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2830 Hillcrest Drive, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2830 Hillcrest Drive, Los Angeles, California 90016 home-pic-0
ACTIVE$1,200,000
2830 Hillcrest Drive, Los Angeles, California 90016
0Bed
0Bath
4,780Sqft
7,002Lot
Year Built
1927
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$251
HOA
-
Days on market
-
Sold On
-
MLS number
SR25268260
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 4780(57th), beds - undefined(50th), baths - undefined(50th).

Discover an excellent investment opportunity in the heart of Mid-City LA. This 4-unit building offers four spacious 1-bedroom, 1-bathroom units, each designed with comfort and functionality in mind. Every unit features a generous living room, a large bedroom, a well-appointed kitchen with a service area, and a clean, functional bathroom. Recent improvements include a brand-new water heater. A rare highlight in this neighborhood, each unit has its own private laundry, offering convenience and strong rental appeal. At the rear of the property, you’ll find four individual garages, ideal for secure parking or additional storage. Perfect for investors or owner-users seeking stable rental income in a prime central location. Please do not disturb tenants or enter the property for any reason.

Nearby schools

5/10
Virginia Road Elementary School
Public,•K-5•0.2mi
5/10
Cienega Elementary School
Public,•K-5•0.6mi
4/10
Alta Loma Elementary School
Public,•K-5•0.9mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.3mi
6/10
Marvin Elementary School
Public,•K-5•1.3mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.2mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
3/10
Daniel Webster Middle School
Public,•6-8•5.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.5mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
12/05/25
Listing
$1,200,000
Condition Rating
Fair
Built in 1927, this property is nearly a century old. While the description mentions 'clean, functional bathrooms' and 'well-appointed kitchens,' there is no indication of extensive renovations to these key areas or other major systems. The only recent improvement noted is a 'brand-new water heater,' which is a minor update. Without interior photos, it's assumed that the kitchens and bathrooms, despite being functional, are significantly outdated in style and features, consistent with a property of this age that has not undergone major recent renovations. The exterior appears maintained but also shows its age.
Pros & Cons

Pros

Strong Investment Potential: This quadruplex is explicitly marketed as an 'excellent investment opportunity' for investors or owner-users seeking stable rental income in a high-demand area.
Prime Central Location: Situated in the 'heart of Mid-City LA' and described as a 'prime central location,' ensuring strong rental demand and potential for property appreciation.
Private In-Unit Laundry: A rare and highly desirable amenity in this neighborhood, each unit features its own private laundry, significantly enhancing tenant convenience and rental appeal.
Individual Garages: The property includes four individual garages, providing secure parking or additional storage for tenants, which can also generate extra income.
Spacious Units: Each of the four 1-bedroom, 1-bathroom units is described as 'spacious,' featuring a generous living room and large bedroom, appealing to tenants seeking comfortable living spaces.

Cons

Age of Property: Built in 1927, the property is nearly a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher long-term capital expenditures.
Tenant Occupied / Restricted Access: The instruction 'Please do not disturb tenants or enter the property for any reason' severely limits buyer due diligence, property viewing flexibility, and implies inheriting existing leases.
Likely Subject to Rent Control: As an older multi-unit property in Los Angeles, it is highly probable that the property falls under local rent control ordinances, which can limit rental income growth and tenant management flexibility.

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