3107 Hollycrest Drive, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 4 bath
ACTIVE$1,600,000
3107 Hollycrest Drive, Los Angeles, California 90068
4Beds
4Baths
2,692Sqft
5,803Lot
Year Built
1950
Close
-
List price
$1.6M
Original List price
$1.7M
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
WS24211576
Home ConditionFair
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(67th), sqft - 2692(33th), beds - 4(50th), baths - 4(50th).
Your chance to own this Spanish style 4 plex in the neighborhood of Hollywood Hills that generates great income! This property has 2 separate buildings of duplex, the 2 units on Cahuenga Blvd. are single story 1 bed 1 bath and the 2 units on Hollycrest Dr are 3 levels 1 bed & 1.5 bath with a loft area and high ceilings. Seller has put Brand New Roof on 2 of the units. All units have separate gas and electricity meters. This property is close to Hollywood Bowl, Universal Studios, and major freeways.
Nearby schools
8/10
Valley View Elementary School
Public,•K-6•0.2mi
7/10
Rio Vista Elementary School
Public,•K-5•1.9mi
7/10
Gardner Street Elementary School
Public,•K-6•2.0mi
4/10
Selma Avenue Elementary School
Public,•K-6•2.0mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.1mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•2.2mi
4/10
Grant Elementary School
Public,•K-6•2.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•3.4mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.8mi
6/10
Walter Reed Middle School
Public,•6-8•2.9mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•4.3mi
6/10
Hollywood Senior High School
Public,•9-12•2.1mi
7/10
Burroughs High School
Public,•9-12•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•3.2mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•3.5mi
8/10
North Hollywood Senior High School
Public,•9-12•3.6mi
8/10
John Marshall Senior High School
Public,•9-12•4.1mi
Price History
Date
Event
Price
08/13/25
Price Change
$1,600,000
10/11/24
Listing
$1,700,000
08/30/22
Sold
$1,620,000
Condition Rating
Fair
The property was built in 1950, making it 74 years old. While the listing mentions a 'Brand New Roof on 2 of the units,' indicating some recent maintenance, the interior images reveal dated kitchens and bathrooms. The kitchen features older white cabinetry, basic tiled countertops, and dated floor tiles, despite having some newer stainless steel appliances. The bathroom has a basic pedestal sink, standard tub with older tile surround, and dated floor tiles. A window AC unit is visible, suggesting a lack of central air. These elements indicate that while the property is functional and appears maintained, its interior finishes are significantly outdated and would require substantial updates to meet modern aesthetic and comfort standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Income Potential: As a Spanish-style quadruplex in Hollywood Hills, the property is explicitly marketed as generating 'great income,' making it an attractive asset for investors seeking immediate cash flow.
Prime Hollywood Hills Location: Situated in the desirable Hollywood Hills, the property benefits from proximity to major attractions like Hollywood Bowl and Universal Studios, as well as major freeways, ensuring high rental demand and potential for appreciation.
Separate Utility Meters: All units feature separate gas and electricity meters, a significant advantage for landlords as it simplifies billing, reduces administrative burden, and encourages tenant responsibility for utility costs.
Recent Capital Improvements: The seller has installed brand new roofs on two of the units, indicating recent capital investment and reducing immediate maintenance concerns for a portion of the property.
Diverse Unit Layouts: The property offers a varied unit mix, with two single-story 1 bed/1 bath units and two unique 3-level 1 bed/1.5 bath units with loft areas and high ceilings, appealing to a broader range of potential tenants.
Cons
Age of Property: Built in 1950, the property's age suggests potential for outdated systems (e.g., plumbing, electrical) beyond the roof, which may require significant future capital expenditures for upgrades and modernization.
Partial Roof Replacement: While two units have new roofs, the description implies the other two do not, indicating a likely future expense for the buyer to complete the roof replacements across the entire property.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which could signal a lack of initial buyer interest, overpricing, or underlying issues that have deterred previous offers.