1005 North Croft Avenue
1005 North Croft Avenue
$4,650,000
10
10
6,440
6,440
$722
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 most residences delivered vacant, buyers will have the flexibility and freedom to carry out an extensive remodel...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 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.
- Listed by Azy Farahmand • DRE #01958066 • Brokerage DRE #01073919 • The Agency
Property Details for 1005 North Croft Avenue
Zoning
LAR3
StyleLow Rise
Parcel Number5529007026
Total Units7.0
Living Area6440
Source Living AreaVendor Enhanced
AreaWest Hollywood Vicinity (C10)
Vacancy Rate16
Location
LISTING UPDATED: 11/28/2023 01:20 PM
Property Details for 1005 North Croft Avenue
Status | Active |
---|---|
MLS # | 23-298535 |
Days on Market | 186 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
Lot Size | 0.15 AC / 6,499 SF |
County | Los Angeles County |
Location
Building Information for 1005 North Croft Avenue
Stories2Residences-Year Built1959Building Size-Lot Size0.15 AC / 6,499 SF
Payment Calculator
$28,795 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1005 North Croft Avenue
Property History for 1005 North Croft Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1005 North Croft Avenue
Taxable ValueLand$1,346,400Additions$2,020,320Total$3,366,720
Tax Record2023$41,016 ($3,418 / month)
Home Facts
Total Finished SqFt6,440 SqFtAbove Grade Finished SqFt6,440 SqFtLot Size6,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLAR3CountyLOS ANGELESAPN5529-007-026
Schools near 1005 North Croft Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
West Hollywood Opportunity School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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