2902 Hillcrest Dr
8 Unit Apartment Building $2,205,117 CAD ($275,640 CAD/Unit) 5.18% Cap Rate Los Angeles, CA 90016
INVESTMENT HIGHLIGHTS
- LARGE CORNER LOT - ADU POTENTIAL
- EXTREMELY LOW RENTS - 70% UPSIDE !
- IND METERS, UPGRADED ELECTRICAL
EXECUTIVE SUMMARY
FOR SALE BY OWNER, NO LISTING WILL BE GIVEN, COMMISSION TO BUYER AGENT 2.5%. LOW MAINTENANCE ATTRACTIVE COURTYARD PROPERTY ON LARGE 8,000 SQ FT CORNER LOT, ADU POTENTIAL, REAR 4 GARAGES ARE UNDER OWNER CONTROL AND CAN ALL BE DELIVERED VACANT. IND METERS AND IND WATER HEATERS, UPGRADED ELECTRICAL, COPPER PLUMBING, EXTREMELY LOW RENTS WITH 70% UPSIDE !
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,205,117 CAD |
| Price Per Unit | $275,640 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,866 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 483 |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 5050-024-015 | Improvements Assessment | $782,358 CAD (2024) |
| Land Assessment | $1,449,226 CAD (2024) | Total Assessment | $2,231,584 CAD (2024) |
ZONING
| Zoning Code | LAR3 |
CONTACT
-
Lewie Zettell - Lewie Zettell
