Los Angeles, CA 90069 1009 N Croft Avenue
$4,650,000
2 more
Presented By: Azy Farahmand with The Agency;
Home Details
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 most units delivered vacant, buyers will have the flexibility and freedom 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.
Presented By: Azy Farahmand with The Agency;
Interior Features for 1009 N Croft Avenue
Bedrooms
Total Bedrooms10
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths10
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2
General for 1009 N Croft Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate5.39
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market27
DirectionsFrom Santa Monica Blvd, head south on Croft Avenue.
DisclosuresFamilialRelation, ListingBrokerAdvantage
Garage Y/NYes
Gross Income1026000.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6499.0
MLS AreaC10 - West Hollywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income751825.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameCroft
Tenant PaysCableTV, Electricity, Gas
Total Units7
View Y/NYes
Virtual TourClick here
Waterfront Y/NNo
Year Built1958
ZoningLAR3
Exterior for 1009 N Croft Avenue
Building Area Total6440.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1492
Lot Size Area6499.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGarage, Pullthrough, OnStreet, Tandem
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480