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
$2,250,000
3950 Hillcrest Dr, Los Angeles, CA 90008
14beds
16baths
10,359sqft
Multi Family
Built in 1955
-- sqft lot
$2,245,100 Zestimate®
$217/sqft
$2,554 Estimated rent
Home value
$2,245,100
$2.04M - $2.47M
$2,554/mo
Zestimate® history
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$2,554/mo
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$2,554/mo
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$14,348/mo
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Gated parkingClean layout
Zillow last checked:
Listing updated:
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 Square Feet
Details
- Additional structures: Other
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1955
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $3,008,580
- Date on market: 7/11/2025
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $2,250,000-13.5%$217/sqft |
Source:  CLAW #25564181 Report a problem | ||
| 8/19/2025 | Contingent | $2,600,000$251/sqft |
Source: CLAW #25564181 Report a problem | ||
| 7/11/2025 | Listed for sale | $2,600,000$251/sqft |
Source: CLAW #25564181 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Baldwin Hills
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Nearby schools
GreatSchools rating
- 3/10Hillcrest Drive Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Audubon Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Susan Miller Dorsey Senior High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$2,245,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,245,100
- California
- Los Angeles County
- Los Angeles
- 90008
- Baldwin Hills
- 3950 Hillcrest Dr
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Nearby neighborhoods
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