About 1005 N Croft Ave
Property sold RTI !!! Welcome to an exceptional investment opportunity in the heart of West Hollywood. This offering presents three adjacent lots sold together, each boasting a seven-residence building with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. Situated in one of Los Angeles' most desirable neighborhoods of WEHO on Croft Avenue, these properties offer a remarkable canvas for investors and developers. With most units vacant, buyers will have the flexibility and freedom to carry out an extensive remodel or simply refresh the interiors. RTI plans are for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, panoramic rooftop decks for all residents to enjoy, and no low income units. These lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. Whether you're an experienced developer seeking your next project or an investor looking to enter the dynamic West Hollywood income property market by just remodeling and bringing in market rent, these properties offer endless opportunities. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 23-298535, 23-326709, 23-326717. Email for OM.
Features of 1005 N Croft Ave
| MLS® # | 23-334739 |
|---|---|
| Price | $13,950,000 |
| Units | 21 |
| Bedrooms | 30 |
| Bathrooms | 30.00 |
| Square Footage | 19,320 |
| Acres | 0.45 |
| Year Built | 1959 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1005 N Croft Ave |
|---|---|
| Area | West Hollywood Vicinity |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90069 |
Amenities
| Garages | On street, Pull-through, Tandem |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall |
|---|---|
| Cooling | Air Conditioning |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | 2-4 Lots |
|---|
Additional Information
| Date Listed | November 28th, 2023 |
|---|---|
| Days on Market | 171 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Gross Operating Income | $1,026,000 |
| Net Operating Income | $751,825 |
Unit 1 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,636 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,627 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $4,188 |
Unit 4 Details
| Beds | 3 |
|---|---|
| Baths | 2.00 |
Listing Details
| Agent | Azy Farahmand (01958066) |
|---|---|
| Office | The Agency |