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$12,600,000   Price Analysis
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1005 N Croft Ave
Los Angeles, CA 90069
30 bed 30 bath 19,320 SqFt ($652/SqFt)
0.45 acre lot. Built 1959
Listed 2024-06-24
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

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 hgh 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.


Presented by Azy Farahmand at
The Agency.


Property MLS #24-407399 from TheMLSCLAW

Bedrooms: 30

Total Bathrooms: 30
Full Bathrooms: 30

Cooling Features: Air Conditioning
Heating Features: Wall

Lot Description: 2-4 Lots
Lot Size Acres: 0.4477961
Lot Size Dimensions: 50x130
Lot Size Source: Owner
Lot Size Square Feet: 19506

Garage Description: On street, Pull-through, Tandem

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 3
Number of Units: 21
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 8700, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 31500, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 30600, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 16500

Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.25
Directions: From Santa Monica Blvd, head south on Croft Avenue.
Source Property Type: Residential Income
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Parcel Number: 5529-007-026
Postal Code Plus 4: 4230
Zoning: LAR3
Source System Name: C2C

Listed 2024-06-24
$12,600,000
TheMLSCLAW
Listing removed 2024-06-15
$0
TheMLSCLAW
Listed 2023-11-28
$13,950,000
TheMLSCLAW

Net Operating Income: 787300

Total Square Feet Living: 19320
Year Built: 1959
Levels: Two Level
Living Area Source: Owner
Property Age: 65
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Other Equipment: Refrigerator, Range/Oven

Rosewood Avenue Elementary School, School for Advanced Studies is a public elementary school located approximately 0.6 miles away.
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Fairfax Senior High School is a public high school located approximately 0.9 miles away.
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Hubert Howe Bancroft Middle School is a public middle school located approximately 2.2 miles away.
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Pacific Hills School is a private middle and high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.