Los Angeles, CA 90069 1005 N Croft Avenue
$13,950,000
2 more
Presented By: Azy Farahmand with The Agency;
Home Details
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.
Presented By: Azy Farahmand with The Agency;
Interior Features for 1005 N Croft Avenue
Bedrooms
Total Bedrooms30
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths30
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 1005 N Croft Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
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 Feet19506.0
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
Total Units21
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1959
ZoningLAR3
Exterior for 1005 N Croft Avenue
Building Area Total19320.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x130
Lot Size Acres0.4478
Lot Size Area19506.0
Lot Size SourceOwner
Lot Size UnitsSquareFeet
Number of Buildings3
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