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$2,250,000
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Property Description
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. .
Full Property Details
Full Property Details for 3950 Hillcrest Dr
General
- Sold For: $2,250,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25564181
- Added to Site: 193 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 14
Additional Information
- Other Features: Other
Parking
- Garage Description: Gated, Covered Parking
Location
- Area: Park Hills Heights
- County: Los Angeles
- Driving Directions: 3950 Hillcrest Dr Los Angeles CA 90008
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Other
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 10,359
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1955
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 16
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.2343
- Lot Size: 10204
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $250.99
- Assessment Year: 1955
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5032-008-025
Listed and Sold by Fred Leeds Asset Group Inc., Chandler Rockwell
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Schools
Schools serving 3950 Hillcrest Dr
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Hillcrest Drive Elementary School 4041 Hillcrest Drive, Los Angeles, CA 90008 | K-5 | 0.2 mi |
Audubon Middle School 4120 11th Avenue, Los Angeles, CA 90008 | 6-8 | 1.1 mi |
Susan Miller Dorsey Senior High School 3537 Farmdale Avenue, Los Angeles, CA 90016 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3950 Hillcrest Dr
Date
Details
Price
Change
Source
9/19/2025
Sold
$2,250,000
-13.46%
MLS
7/08/2025
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3950 Hillcrest Dr, Los Angeles, CA 90008 (MLS# 25564181) is a Multi-Family property that was sold at $2,250,000 on September 19, 2025. Want to learn more about 3950 Hillcrest Dr? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

