3950 Hillcrest Drive, Los Angeles, CA 90008

About this property

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. .

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$2,250,000

Sold September 2025 · listed $2,600,000, on market July 2025 · MLS #25564181 · Source: CRMLS

Listing Agent: Chandler Rockwell · Listing Office: Fred Leeds Asset Group Inc. · Contact: 310-826-2466 · Bought with: Chandler Rockwell · Fred Leeds Asset Group Inc.

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