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3444 Hillcrest Drive

Los Angeles, CA 90016
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SqFt9,866

Sqft(Lot)

We are proud to present for sale a ready-to-issue (RTI) 48-unit, 100% affordable housing development on a 9,863 SF lot in the gentrifying neighborhood of West Adams, with the potential to add 3+/- ADUs after completion. The proposed development features a 27,409 SF, 5-story, Type III-A Construction slab on grade with a primarily stacked design. All 48 units are 1 bedroom, 1 bath with an average unit size of approximately 475 SF, plus hallways, elevators, and stairs. The restricted rent levels for the project are: 2 very low-income units, 38 low-income units, 7 moderate-income units, and 1 manager's unit. The rent for the very low and moderate-income units can be found on HCD Schedule VI, while the rent for the low-income units can be found on TCAC Schedule IX. Additionally, the location of this property may attract Section 8 voucher tenants, increasing the potential income by around 20% for each unit. West Adams is known for its rich cultural history and vibrant community. Nearby parks include Vineyard Recreation Center, Jim Gilliam Recreation Center, and Baldwin Hills Recreation Center. Zero parking spaces will allow developers to avoid the high cost of on-grade parking. The property is conveniently located in a Metro hub off of Exposition Blvd, providing easy transportation running east and west from Downtown to Santa Monica. The Walk Score for this property is 79, indicating it is "Very Walkable" with "Excellent Transit." The subject property is located within the Qualified Opportunity Zone (QOZ).Property will be delivered vacant at COE.

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Detail Ic Property Details

Property Type : Land

Price : $2,095,000

AD Id : 89476689

MLS Id : 26870841

Lot Size : 9,866 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 9866 Lot Size Acres: 0.2265 Lot Size Square Feet: 9,866

  • Listing Price Information

    Listing Price: $2095000

  • Tax Information

    Parcel Number: 5046007017

  • Location Information

    Direction: Take the 10 Freeway West, exit Crenshaw Blvd, turn left on Crenshaw, right on Obama Blvd, then left on Hillcrest Dr. The property will be on your left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2303 S Palm Grove Drive, Los Angeles, CA, 90016 $349,999 -- -- -- 4,374 Sqft(Lot)
2637 S Longwood Avenue, Los Angeles, CA, 90016 $1,025,000 -- -- -- 5,099 Sqft(Lot)
5342 Smiley Drive, Los Angeles, CA, 90016 $4,750,000 -- -- -- 24,005 Sqft(Lot)

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ByOwner last updated this listing 08/17/2026 @ 01:51

MLS: 26870841 LISTED BY: Jordan Petito, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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