The Agency The Agency

1005 N Croft Ave

Los Angeles, CA 90069
Sale Price ⬇︎ $4,650,000
Property Type Income Property
Beds 10
Baths 10

Property Description

Welcome to an exceptional investment opportunity in the heart of West Hollywood. This offering presents three adjacent lots, each boasting a seven-unit building with a mix of studio, one-bedroom, two-bedroom, and three-bedroom units. Situated in one of Los Angeles' most desirable neighborhoods on Croft Avenue, these properties offer a remarkable canvas for investors and developers. With all residences delivered vacant, buyers will have the flexibility and freedom to carry out an extensive remodel or simply refresh the interiors. Also included with the sale are Ready-to-Issue (RTI) plans, streamlining the development process and generating returns sooner. RTI plans are for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop decks for all residents to enjoy. These lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations.

Seize the chance to transform these three adjacent lots into a signature development that seamlessly blends modern aesthetics, convenient living, and urban sophistication. Whether you're an experienced developer seeking your next project or an investor looking to enter the dynamic West Hollywood market, these properties offer endless potential to shape a remarkable living experience.
Properties (1005, 1009, 1015 N Croft Ave. MLS #23-326709 & #23-326717) are sold together as package in separate escrows, each property for $4,650,000. Please email azyfarahmand@gmail.com for OM.

Agent Information

Agent (424) 238-2539 License: California DRE #01958066
The Agency

Property Specifics

Property Type: Income Property
Monthly Common Charges: $274,175
Estimated Sq. Foot:
6,440
Lot Size:
6,499 sq. ft.
Price per Sq. Foot:
$722
Building Stories: 2
Pet Policy: N/A
MLS ID: 23-298535
Source Status: Active
Also Listed By: connectagency: a0U4U00000EVFhqUAH

Unit Amenities

Air Conditioning Refrigerator Range/Oven On Street Tandem Parking

Views & Exposures

Walk Street

Location & Transportation

Other Property Information

Summary

General Information
  • Year Built: 1959
  • Year Built Source: Vendor Enhanced
  • Architectural Style: Low Rise
Parking
  • Total Parking Spaces: 10
  • Parking Features: On street, Tandem, Pull-through

Interior and Exterior Features

Interior Features
  • Living Area: 6,440 sq. ft.; source: Vendor Enhanced
  • Total Bedrooms: 10
  • Full Bathrooms: 10
  • Other Equipment: Refrigerator, Range/Oven
Exterior Features
  • View: Walk Street, Other

Property Information

Lot Information
  • Zoning: LAR3
  • Lot Size: 6,499.15 sq. ft.; source: Vendor Enhanced
  • Lot Dimensions: 50x130
Utilities
  • Cooling: Air Conditioning

Estimated Monthly Payments

Monthly Total $296,478
Monthly Charges $274,175
Monthly Taxes N/A
Interest 6.00%
Down Payment 20.00%

Mortgage Calculator

Monthly Mortgage Cost $22,303 Monthly Charges $274,175 Total Monthly Payment $296,478
Calculation based on:
Price: $4,650,000
Charges: $274,175 * Additional charges may apply

Similar Listings

CLAW MLS
Listing information provided by the Combined LA/Westside Multiple Listing Service, Inc.. All information is deemed reliable but not guaranteed. Copyright 2024 Combined LA/Westside Multiple Listing Service, Inc., Los Angeles, California. All rights reserved.
Last checked: Apr 27, 2024, 10:18 AM UTC
Discover the Luxury Lifestyle