955 North Croft Avenue

Los Angeles, CA 90069

$4,925,000
Price
13
Beds
13
Baths
6,879 Sq. Ft.
$716 / Sq. Ft.
6,879
Sq. Ft.
$716
per Sq. Ft.

Description

We are proud to exclusively present for sale a newly remodeled light and bright 6 Unit Building with spacious apartments. Located on a quiet tree-lined street, the building is situated in prime Beverly Grove, a short walk to Melrose Place, with the hottest shopping and hospitality options in town and the most in-demand neighborhood in all of Los Angeles! Current ownership gutted the entire building and spared no expense as they did a top to bottom overhaul with high end finishes reimagined for today's...We are proud to exclusively present for sale a newly remodeled light and bright 6 Unit Building with spacious apartments. Located on a quiet tree-lined street, the building is situated in prime Beverly Grove, a short walk to Melrose Place, with the hottest shopping and hospitality options in town and the most in-demand neighborhood in all of Los Angeles! Current ownership gutted the entire building and spared no expense as they did a top to bottom overhaul with high end finishes reimagined for today's demanding tenants. Consisting of five 2+2s and one 3+3 oversized units, the six sophisticated units feature a generous open floor plan, a Chef's kitchen with top-of-the-line appliances and contemporary cabinetry, in-unit washer & dryer, and secured parking. The property includes 9 parking spaces in a gated, below grade garage with secured access into the building. The setting, the layout, the finishing touches already command big rents! Ownership has proven the Pro-Forma rents by leasing five units at projected rents, leaving the last unit vacant for a new owner to capitalize on these turn-key units or move family members in. Income numbers are Pro Forma for vacant units. This gem wont last long.
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Shaya Braverman • DRE #01861842 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 955 North Croft Avenue

Zoning
QR3-1 Tier 3
Parcel Number
5529002025
Total Units
6.0
Living Area
6879
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
16.7%
Lot Size Area
6500

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Shaya Braverman, DRE #01861842
Add your commute
LISTING UPDATED: 03/20/2024 02:52 PM

Property Details for 955 North Croft Avenue

StatusActive
MLS #23-307839
Days on Market236
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Shaya Braverman, DRE #01861842
Add your commute

Building Information for 955 North Croft Avenue

Stories2Residences-Year Built1967Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$30,358 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,878

Property Taxes

$3,480

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 955 North Croft Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is, Other, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $373,080
  • Net Operating Income: $258,911.00
  • Gross Income: $373,080
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: $13.20
  • Total Annual Expense: 102644
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6500
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance, Gated, Side By Side, Subterranean
  • Total Parking: 9
  • Covered Parking: 9
  • Parking Features: Assigned, Controlled Entrance, Gated, Side by Side, Subterranean
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-05-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,008.00
  • Unit Actual Rent: $25,040.00
  • Unit Projected Rent: $25,040.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,950.00
  • Unit Actual Rent: $5,950.00
  • Unit Projected Rent: $5,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,060,000.00
  • Assessed Improvement Percent: 92.31
  • Assessed Land Value: $255,000.00
  • Assessed Land Percent: 7.69
  • Assessed Total Value: $3,315,000.00

Property History for 955 North Croft Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 955 North Croft Avenue

Taxable ValueLand$260,100Additions$3,121,340Total$3,381,440
Tax Record2023$41,757 ($3,480 / month)
Home Facts
Total Finished SqFt6,879 SqFtAbove Grade Finished SqFt6,879 SqFtLot Size6,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningLAR3CountyLOS ANGELESAPN5529-002-025

Schools near 955 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.

Similar Homes

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955 North Croft Avenue is a multi-family home for sale in Los Angeles, CA 90069. This property was listed for sale on September 5, 2023 by Keller Williams Beverly Hills, it's currently listed at $4,925,000. It has been on the market for a total of 236 days and was last sold on June 17, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, School for Advanced Studies, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 955 North Croft Avenue is a 13-bed, 13-bath, 6,879 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Shaya Braverman, DRE #01861842

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.