3446 Hillcrest Drive, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$1,150,000
3446 Hillcrest Drive, Los Angeles, California 90016
0Bed
0Bath
3,064Sqft
5,657Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Potential (TOC3 Zoning): The property's TOC3 zoning allows for significant density bonuses with minimal parking requirements, offering substantial future development upside in a high-demand market.
Top Cons:
Los Angeles Rent Control: The property is subject to Los Angeles rent control, which can limit rental income growth and restrict tenant management flexibility.
Compared to the nearby listings
Price:$1.15M vs avg $1.15M (+$0)50%
Size:3,064 sqft vs avg 3,064 sqft50%
Price/sqft:$375 vs avg $42443%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, the property's interior, particularly the kitchen shown in the images, is severely outdated with finishes and appliances appearing to be from 30-50 years ago (e.g., laminate countertops, older white appliances, dated cabinets, and basic light fixtures). While the walls appear freshly painted, the overall aesthetic and functionality of key areas like the kitchen require substantial rehabilitation to meet modern standards. The listing description itself notes that the building 'may require ongoing maintenance, capital expenditures, or significant updates to meet modern tenant expectations,' aligning with the 'poor' condition criteria for requiring substantial repairs and rehabilitation.
Year Built
1955
Close
-
List price
$1.15M
Original List price
$1.25M
Price/Sqft
$375
HOA
-
Days on market
-
Sold On
-
MLS number
DW24137779
Home ConditionPoor
Features
View-
About this home
Fanstastic Building and Location. Single Homes going for much higher than this 4plex. Near Metro Express between Farmdale and La Brea Stops. Good opportunity for you to either live in or add to your portfolio. Building one is 3,064 sqft and it consist of 4 units FIRST FLOOR: (2 bed 1 bath - 1,042sqf) (1 bed 1 bath - 546 sqft) SECOND FLOOR: (2bd 1 bath - 930 sqft) (1 bed 1 bath - 546 sqft). Buidling two is 932 sqft and it consist of 2 X 2 car garages that are currently being split in between all 4 tenants. City of Los Angeles is under rent control with both Owner and Tenant rights. Please note that Owners may have rights to take over garages and convert them into ADU's (Additional Dwelling Units). This is zoned TOC3 which means you can build with density bonus with little to no parking will be required. Potential suitors should consult with professional and or the City directly to verify all information.
Nearby schools
5/10
Virginia Road Elementary School
Public,•K-5•0.4mi
5/10
Cienega Elementary School
Public,•K-5•0.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.1mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.3mi
4/10
Alta Loma Elementary School
Public,•K-5•1.3mi
6/10
Marvin Elementary School
Public,•K-5•1.4mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.6mi
2/10
Audubon Middle School
Public,•6-8•1.3mi
3/10
Johnnie Cochran, Jr., 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•0.2mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
02/16/06
Sold
$650,000
Condition Rating
Poor
Built in 1955, the property's interior, particularly the kitchen shown in the images, is severely outdated with finishes and appliances appearing to be from 30-50 years ago (e.g., laminate countertops, older white appliances, dated cabinets, and basic light fixtures). While the walls appear freshly painted, the overall aesthetic and functionality of key areas like the kitchen require substantial rehabilitation to meet modern standards. The listing description itself notes that the building 'may require ongoing maintenance, capital expenditures, or significant updates to meet modern tenant expectations,' aligning with the 'poor' condition criteria for requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Development Potential (TOC3 Zoning): The property's TOC3 zoning allows for significant density bonuses with minimal parking requirements, offering substantial future development upside in a high-demand market.
Income-Generating Quadruplex: As a four-unit residential income property, it provides immediate cash flow and a diversified income stream, appealing to investors seeking stable returns.
ADU Conversion Opportunity: The existing 2x 2-car garages present a clear opportunity for conversion into additional dwelling units (ADUs), significantly increasing rental income and property value.
Strategic Transit-Oriented Location: Proximity to Metro Express stops (Farmdale and La Brea) enhances tenant appeal and provides convenient public transportation access, a key factor in urban living.
Owner-User Investment Potential: The quadruplex offers flexibility for an owner to occupy one unit while generating substantial rental income from the other three, offsetting mortgage costs.
Cons
Los Angeles Rent Control: The property is subject to Los Angeles rent control, which can limit rental income growth and restrict tenant management flexibility.
Age of Property & Potential Maintenance: Built in 1955, the building may require ongoing maintenance, capital expenditures, or significant updates to meet modern tenant expectations and avoid deferred repairs.
Due Diligence Required for Development: The description explicitly states that potential suitors must consult professionals and the City to verify all information regarding ADU conversion and zoning benefits, indicating potential complexities and uncertainties.