3950 Hillcrest Drive Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90008
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,359 sqft
Price per Sqft $250
MLS Listing ID CL25564181
Year Built 1955
Lot Size 10,204 Sqft
Property Sub-Type Other
Property Description
First time on the market in decades. 16-unit value-add opportunity in Baldwin Hills. All 1-bedroom units with a clean layout, gated parking, and separately metered utilities. Currently operating at a 5.6% cap rate with significant upside, pro forma cap over 9.5%. Rents are approx. 44% below market. One unit delivered vacant at close. Excellent location at the nexus of Baldwin Hills, Culver City, and Inglewood strong rental demand and long-term appreciation. .
Location
State CA
County Los Angeles
Zoning LAR3
Building
New Construction No