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    2902 Hillcrest Drive

    Los Angeles (City), CA 90016
    • $1,650,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 21689638
    UPDATED: 239 min ago
    $1,650,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,866
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    We are pleased to present Las Casitas, an eight-unit Spanish courtyard-style apartment building in the budding arts and creative district of West Adams. Built in 1925 and comprehensively renovated in 2020, this property exudes historic charm and a beachside vibe. Located at 2902-2904 Hillcrest Drive, at the south-east corner of Hillcrest Drive and 29th Street, the clay-tiled mansard, matte stucco exterior, new windows, and fresh landscaping lend the 3,866 square feet of improvements and 8,285 square feet of lend an air of historic charm to the curb appeal and provide an indication to the attractive unit interiors. The eight-unit property is comprised completely of one-bedroom, one-bathroom units, four of which have been comprehensively renovated with all new floor plans, airy and bright modern interiors, new kitchens with grey Shaker-style cabinetry with black trim, quartz countertops, stainless-steel appliances, durable laminate hardwood-style flooring, recessed lighting, new bathrooms with walk-in showers. In addition, the property has upgraded plumbing with new water main lines, four completely replumbed units, and new waste water sewer lines. The electrical system was upgraded with a new main panel, individual sub-panels in all units, and all new wiring. Listing Agent has a financial interest in the property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-27T00:29:51.18. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/113955252
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    2902 Hillcrest Drive Los Angeles (City), CA 90016

    • Price: $1,650,000
    • Status: Active
    • Updated: 239 min ago
    • ID#: 21689638
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,866
    SQFT
    $427
    $/SQFT
    1925
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are pleased to present Las Casitas, an eight-unit Spanish courtyard-style apartment building in the budding arts and creative district of West Adams. Built in 1925 and comprehensively renovated in 2020, this property exudes historic charm and a beachside vibe. Located at 2902-2904 Hillcrest Drive, at the south-east corner of Hillcrest Drive and 29th Street, the clay-tiled mansard, matte stucco exterior, new windows, and fresh landscaping lend the 3,866 square feet of improvements and 8,285 square feet of lend an air of historic charm to the curb appeal and provide an indication to the attractive unit interiors. The eight-unit property is comprised completely of one-bedroom, one-bathroom units, four of which have been comprehensively renovated with all new floor plans, airy and bright modern interiors, new kitchens with grey Shaker-style cabinetry with black trim, quartz countertops, stainless-steel appliances, durable laminate hardwood-style flooring, recessed lighting, new bathrooms with walk-in showers. In addition, the property has upgraded plumbing with new water main lines, four completely replumbed units, and new waste water sewer lines. The electrical system was upgraded with a new main panel, individual sub-panels in all units, and all new wiring. Listing Agent has a financial interest in the property.
    Exterior Features

    Construction Materials Stucco Direction Faces West Garage Spaces 5.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 5.00 Parking YN Yes Roof Elastomeric

    Interior Features

    Appliances DishwasherDisposalMicrowaveRefrigeratorGas CooktopGas Range Appliances YN Yes Cooling None Cooling YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Laundry Features Community

    Property Features

    Country Us Gross Income 167520.00 Gross Multiplier 15.48 Gross Operating Income 167520.00 Land Lease YN No Laundry YN Yes Net Operating Income 126021.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number With Range 8 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Expenses 37878.00 Vacancy Allowance Rate 0.00 Zoning Lar1

    Listing provided courtesy of Peter Strauss of Iconic Investments and Hooman Ghaffari of Iconic Investments


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-27T00:29:51.18. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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    The Alvarado Brothers | Ever Stewart Alvarado Broker
    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706