7 months on rocket

2531 Hillcrest Dr, Los Angeles, CA, 90016

$1,249,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Baths
3,122 SqFt
$400/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2531 Hillcrest Dr, Los Angeles$1,249,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDoor-Single, Garage, Uncovered
Garage1 space
Year Built1925
HeatingWall Furnace
ViewNone
MLS #23312527
Lot Size0.14 Acres
StatusActive

About 2531 Hillcrest Dr

2531 Hillcrest Drive is a 6-unit courtyard-style bungalow complex offering a substantial value-add opportunity and an up-and-coming location undergoing a widely covered creative renaissance. 2531 Hillcrest is offered at $208,167 per unit, 5.44% current CAP, and 12.25 current GRM. With approx. 53% rental upside, the property will stabilize at a 9.54% market CAP and 8.09 market GRM. Featuring (6) 1-bdrm. units, this value-add property is located in the heart of West Adams (just north of West Adams Blvd & La Brea Ave). This rapidly developing neighborhood is home to many mixed-use and office development projects, and a community of emerging and highly-reviewed restaurants and cafes breathing new life into this in-demand neighborhood. In addition to the property's walkability to the heart of West Adams, this courtyard-style complex is close to the Expo Rail Line and Silicon Beach tech hubs. Additional property amenities include two parking spaces.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1925
  • Stories: 1
  • Living Area: 3,122 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Kenny Stevens

Interior Features

Interior Information:

  • Appliances: Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Garage Space: 1 space
  • Parking: Door-Single, Garage, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • Susan Miller Dorsey Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Johnnie Cochran, Jr., Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Virginia Road Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Located just north of West Adams Blvd, the subject property is located on Hillcrest Dr between S. La Brea Ave and Crenshaw Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,249,000
  • Price Per SqFt: $400/SqFt

Tax Information:

  • Annual Amount: $15,364
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2531 Hillcrest Dr vs Los Angeles

223 DAYS ON ROCKET

+189 Days

$1,249,000

+$273K More

$400/SqFt

-$228 Less

KEY TAKEAWAY

This property is $273K more than the Median Sold Price and $228/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23312527

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Kenny Stevens

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 21, 2019Home Sold
$1,193,000
Apr 14, 2016Home Sold
$895,000
Jun 17, 2014Home Sold
$583,000
Sep 28, 2005Home Sold
$575,000
Dec 06, 1996Home Sold
$290,000
May 17, 1996Home Sold
$105,000
Feb 05, 1988Home Sold
$140,000
Feb 05, 1988Home Sold
$140,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,364$1,229,466
2020$2,909$1,216,860
2019$11,957$949,780
2018$11,666$931,158
2017$11,666$912,900

History based on county public records data.

Payment Calculator

$6,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,811

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2588231
5
/10

  • Virginia Road Elementary School

  • 2925 Virginia Rd

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-2588232
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.54 miles

  • Public Magnet Grades KG-6

school-card-donut-2588233
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.25 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2588234
2
/10

  • Johnnie Cochran, Jr., Middle School

  • 4066 West Johnnie Cochran Vist

  • 1.11 miles

  • Public District Grades 6-8

school-card-donut-2588235
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.82 miles

  • Public District Grades 6-8

High School

school-card-donut-2588236
1
/10

  • Susan Miller Dorsey Senior High School

  • 3537 Farmdale Ave

  • 0.74 miles

  • Public Magnet Grades 9-12

school-card-donut-2588237
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.49 miles

  • Public Magnet Grades 9-12

school-card-donut-2588238
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.23 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,009. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2531 Hillcrest Dr

What is the listing price of this property?

The listing price of 2531 Hillcrest Dr property is $1,249,000.

What type of property is this?

The property 2531 Hillcrest Dr is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 2531 Hillcrest Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2531 Hillcrest Dr are:
Virginia Road Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Johnnie Cochran, Jr., Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
Susan Miller Dorsey Senior High School: GreatSchools Rating 1/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $15,364 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 21, 2019 for $1,193,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2531 Hillcrest Dr has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 2531 Hillcrest Dr is 3,122 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2531 Hillcrest Dr is 1925.

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2531 Hillcrest Dr

This home is located at 2531 Hillcrest Dr in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 3,122 square foot home, which was built in 1925, sits on a 0.14 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 18, 2023 and is currently priced at $1,249,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources