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1005 N Croft Avenue

Los Angeles (City), CA 90069
  • $12,600,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 24407399
UPDATED: 52 min ago
$12,600,000
  • 30
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,320
    SQFT
  • $652
    $/SQFT
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Azy Farahmand of The Agency (424-400-5900)


Description

Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap!! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T12:30:25.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151979601
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1005 N Croft Avenue Los Angeles (City), CA 90069

  • Price: $12,600,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 52 min ago
  • ID#: 24407399
30
Beds
0
Baths
0
½ Baths
0.45
Acres
19,320
SQFT
$652
$/SQFT
1959
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap!! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.
Exterior Features

Parking Features GaragePull-throughOn StreetTandem Parking Total 0

Interior Features

Appliances Refrigerator Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 6.25 Disclosures Familial RelationListing Broker Advantage Garage YN Yes Gross Income 1047600 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 787300 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 17 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T12:30:25.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Azy Farahmand of The Agency (424-400-5900)