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1005 N Croft Ave, Los Angeles, CA 90069
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1005 N Croft Ave Los Angeles, CA 90069

$13,950,000
  • 30 Beds
  • 30 Baths
  • 19,320 Sq.Ft.
For Sale
$13,950,000 Get Pre-Qualified
Map preview of 1005 N Croft Ave, Los Angeles, CA 90069

Property Overview: 1005 N Croft Ave Los Angeles, CA has 30 bedrooms, 30 bathrooms, 19,320 living square feet and 19,506 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Azy Farahmand | BRE #01958066 | The Agency
Last checked: 12 minutes ago | Last updated: December 6th, 2023 | Source CRMLS | DOM: 126
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Home details

Lot Sq. Ft
19,506
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23334739
City
Los Angeles
County
Los Angeles
Time on Site
151 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,627
  • Total Rent: $1,627
  • Pro Forma/Market Rent: $31,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $16,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $818
  • Total Rent: $1,636
  • Pro Forma/Market Rent: $8,700
Unit Breakdown 4
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,094
  • Total Rent: $4,188
  • Pro Forma/Market Rent: $28,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.59
  • Gross Scheduled Income: --
  • Net Operating Income: $751,825
  • Gross Operating Income: $1,026,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1005 N Croft Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street, Pull-through, Tandem Garage
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 21
  • Parcel Number: 5529007026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From Santa Monica Blvd, head south on Croft Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1005 N Croft Ave

View property's historical transactions

  • November, 2023

  • Nov 28, 2023

    Date

    Active

    CRMLS: 23334739

    $13,950,000

    Price

Tax History for 1005 N Croft Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1005 N Croft Ave is listed 1016.89% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $722.05 per/sqft which puts the price per square foot 6.47% lower than the median price per square foot for the city of Los Angeles.

About 1005 N Croft Ave

Detailed summary of property

1005 N Croft Ave is a multi family located in Los Angeles, CA 90069 and is currently for sale. This multi family property offers 30 bedrooms, 30 bathrooms, roughly 19,320 living square feet, and sits on an approximately 19,506 square foot lot. 1005 N Croft Ave was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner is currently asking $13,950,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1016.89% higher than the median priced home. Local competing homes currently for sale include 435 N Euclid Ave, 2611 E Broadway and 283 Avocado St. While the average home in Los Angeles, CA is selling in 97 days, 1005 N Croft Ave has a days on market of 126 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1005 N Croft Ave Los Angeles, CA 90069 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1005 N Croft Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90069 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,095,000
Median List Price/Sq.Ft.
$1,094
Median Sold Price
$1,400,000
Median Sold Price/Sq.Ft.
$854
Total Inventory
273
Median Sale to List Price %
100.07%
Avg Days on Market
55
Loan Type
Conventional (3.23%), FHA (0%), VA (0%), Cash (16.13%), Other (9.68%)

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Recently Sold Homes Near 1005 N Croft Ave

955 N Croft Ave, Los Angeles, CA 90069
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1006 N Croft Ave, Los Angeles, CA 90069
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1016 N Croft Ave, Los Angeles, CA 90069
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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