1005 North Croft Avenue

Los Angeles, CA 90069

$12,600,000
Price
30
Beds
30
Baths
19,320 Sq. Ft.
$652 / Sq. Ft.
19,320
Sq. Ft.
$652
per Sq. Ft.

Description

Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one...Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.
  1. Listed by Azy Farahmand • DRE #01958066 • Brokerage DRE #01738973 • The Agency

Property Details for 1005 North Croft Avenue

Zoning
LAR3
Parcel Number
5529007026
Total Units
21.0
Living Area
19320
Source Living Area
Owner
Area
West Hollywood Vicinity (C10)
Vacancy Rate
17
Lot Size Area
19506
LISTING UPDATED: 09/12/2024 03:18 PM

Property Details for 1005 North Croft Avenue

StatusActive
MLS #24-407399
Days on Market151
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.45 AC / 19,506 SF
CountyLos Angeles County

Building Information for 1005 North Croft Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.45 AC / 19,506 SF

Property Information for 1005 North Croft Avenue

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 4
Contract Info
Contract Info
  • Disclosures: LA/Owner Related
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,047,600
  • Net Operating Income: $787,300.00
  • Gross Income: $1,047,600
  • Cap Rate: 6.25%
  • Gross Rent Multiplier: $12.03
  • Total Annual Expense: 260300
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 19506
  • Lot Size Dimensions: 50x130
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: On street, Pull-through, Tandem
  • Total Parking: 0
  • Parking Features: Street, Pull-through, Tandem Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $818.29
  • Unit Actual Rent: $1,636.50
  • Unit Projected Rent: $8,700.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,627.00
  • Unit Actual Rent: $1,627.00
  • Unit Projected Rent: $31,500.00
  • Like Units: 9
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,487.10
  • Unit Actual Rent: $1,487.10
  • Unit Projected Rent: $30,600.00
  • Like Units: 6
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $16,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 1005 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 1005 North Croft Avenue

Taxable ValueLand$8,440,973Additions$2,845,285Total$11,286,258
Tax Record2024$137,743 ($11,479 / month)
Home Facts
Total Finished SqFt19,320 SqFtAbove Grade Finished SqFt19,320 SqFtLot Size19,497 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLAR3CountyLOS ANGELESAPN5529-007-043

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
Rosewood Avenue Elementary School
PublicK to 5

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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Similar Sold Homes

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1005 North Croft Avenue is a multi-family home for sale in Los Angeles, CA 90069. This property was listed for sale on June 24, 2024 by The Agency, it's currently listed at $12,600,000. It has been on the market for a total of 151 days and was last sold on May 26, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, Hubert Howe Bancroft Middle School and Fairfax Senior High School. 1005 North Croft Avenue is a 30-bed, 30-bath, 19,320 sqft multi-family home built in 1959.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Azy Farahmand, DRE #01958066

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.