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Image 1 - 2902 Hillcrest Dr, Los Angeles, California, 90016 - House for sale

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Hillcrest Dr, Los Angeles, Home For Sale

2902 Hillcrest Dr, Los Angeles, California, 90016

Hillcrest Dr, Los Angeles, Home For Sale

house for sale

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Listed: 07/15/24

2902 Hillcrest Dr, Los Angeles, California, 90016

8 Bed:

8 Bath:

3,866 Sq Ft Living Area:

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Price

$ 1,6M

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About This House

Classic Spanish Courtyard Style Apartment Building located in the high demand West Adams Rental District. Four of the units have been very tastefully remodeled with modern amenities including laminate hardwood style flooring, new kitchens with black trim quartz counter tops and stainless steel appliances, upgraded plumbing with newer main and waste water lines, recessed lighting, new bathrooms with walk in showers. The electrical system was upgraded with all new wiring, a new main panel and 8 individual sub panels. All new windows. This value-add asset offers a new buyer the opportunity to build new ADU's at the rear of the property and substantially increase the current below market rents. All 8 garages are owner controlled and can be rented for additional income. Washer and Dryer contained in separate laundry room and is owned by the building. Individually metered for utilities and Individual hot water heaters.

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West Adams Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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