House
Los Angeles (United-States)
Price:
$ 1,249,000
USD
-
Euro (€ EUR)
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American Dollar ($ USD)
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British Pound (£ GBP)
Surface
290 m2
Bedrooms
6
Bathrooms
6
2531 Hillcrest Drive is a 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. 2531 Hillcrest is offered at $208,167 per unit, 5.44% current CAP, and 12.25 current GRM. With approx. 53% rental upside, the property will stabilize at a 9.54% market CAP and 8.09 market GRM. Featuring (6) 1-bdrm. units, this value-add property is located in the heart of West Adams (just north of West Adams Blvd & La Brea Ave). This rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into this in-demand neighborhood. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. Additional property amenities include two parking spaces.
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Advertiser reference: 91942725 - Le Figaro Properties reference: 67552836
Its assets
- Air-conditioning
In detail
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- Surface 290 m2
- Rooms 6
- Bedrooms 6
- Land N/A*
- Construction N/A*
- Parking N/A*
- Bathrooms 6
- Toilets N/A*
- Exposure N/A*
- Heating N/A*
- Kitchen N/A*
- Property tax N/A*
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Energy Performance Certificate
Information not provided by the advertiser*GreenHouse Gas emission
Information not provided by the advertiser -
$ 1,249,000
* Information not provided by the advertiser
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