Hillcrest Dr, Los Angeles, Home For Sale

house for sale

Listed: 08/31/24

4018 Hillcrest Dr, Los Angeles, California, 90008

24 Bed:

16 Bath:

15,406 Sq Ft Living Area:

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Price

$ 2,3M

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About This House

Welcome to this prime 16-unit apartment building located in the heart of Park Hills Heights, one of Los Angeles most vibrant and historically significant neighborhoods. This is a rare opportunity considering the area's low inventory and a great property to add to your portfolio with a projected 5.22% Cap Rate and a 48% upside in rental income. This property offers a unique investment opportunity in an appreciating area known for its rich cultural heritage and strong community ties. With a mix of one and two-bedroom units organized into four-unit complexes with two units on each level. The building features a brand-new roof installed in 2023, ensuring long-term durability and peace of mind for the next owner. Each tenant enjoys the … Full description

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Houses for sale in Los Angeles

Original listing

Crenshaw 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.