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. .
Sold for $2,250,000 on 09/19/25
$2,250,000
3950 Hillcrest Dr, Los Angeles, CA 90008
14beds
16baths
10,359sqft
Multi Family
Built in 1955
-- sqft lot
$2,215,200 Zestimate®
$217/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 05:11am
Listed by:
Chandler Rockwell DRE # 02080782 510-468-7404,
Fred Leeds Asset Group Inc. 310-826-2466
Bought with:
Chandler Rockwell, DRE # 02080782
Fred Leeds Asset Group Inc.
Source: CLAW,MLS#: 25564181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 16
Heating
- Other
Cooling
- Window Unit(s)
Features
- Ceiling Fan(s)
Interior area
- Total structure area: 10,359
- Total interior livable area: 10,359 sqft
Property
Parking
- Total spaces: 14
- Parking features: Gated, Covered
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 10,206 sqft
Details
- Additional structures: Other
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1955
Community & neighborhood
Location
- Region: Los Angeles
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Estimated market value
$2,215,200