3950 S Hillcrest: 16-Unit Value-Add Deal in Prime Baldwin Hills Pocket

$2,600,000 Sales Price

16
Units

10,359
Sq Ft

This 16-unit property at 3950 S Hillcrest Drive sits in one of the most strategically located pockets of South L.A.—right at the intersection of Baldwin Hills, Inglewood, and Culver City. Every unit is a one-bedroom, offering a streamlined value-add play with an estimated 44% rental upside through a renovation and repositioning plan.

The building is well laid out with on-site gated parking, separate meters for gas and electricity, and strong fundamentals. Most importantly, it's already operating at a 5.6% cap rate — with pro forma numbers pushing it above 9.5% once stabilized. Even with today's debt, this is a cash-flowing opportunity with real room to grow.

The rent roll includes a mix of Section 8 and market tenants, and several units are well below market. There’s a vacant unit ready to lease immediately. Based on neighboring comps, pro forma rents average $1,895 per unit.

We priced this asset at $2.6M — that’s only $162,500/unit in a neighborhood where comps have traded between $180K–$200K per door. For an investor who wants stable cash flow with a low-cost entry and room to renovate, this checks every box.

📞 If you’re looking for more deals like this or want to talk strategy, reach out. We’re moving several similar off-market assets right now.

---

Listing Agent | Chandler Rockwell

Direct: (310) 405-7632
Mobile: (510) 468-7404
Email: chandler@fredleedsproperties.com
Lic: 02080782