2824 Hillcrest Drive is a beautiful 4-plex in the heart of Mid City Los Angeles. Every unit in the complex is a large 2-bedroom, 1-bathroom and over 1000 square feet each. As you will see when you pull up to the property, it has a stunning Spanish style architecture, not like the common "bread and butter" properties you see on the market today. There are four large garages in the rear of the property which are currently used for storage, but could be used for parking for the tenants. Although the tenants are paying well below market rent, they have only been living in the building between 3-7 years. The asking price per square foot is only $234.32 and there is over 70% upside in the rents. Tremendous value-add opportunity. The building is fully occupied so PLEASE DO NOT DISTURB THE TENANTS!.
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