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1016 N Croft Ave, Los Angeles, CA 90069
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1016 N Croft Ave Los Angeles, CA 90069

$2,400,000 Sold Price as of 10/01/2021
  • 5 Beds
  • 4 Baths
  • 3,488 Sq.Ft.
Sold
$2,400,000 Sold Price as of 10/01/2021 Refinance Your Mortgage
Map preview of 1016 N Croft Ave, Los Angeles, CA 90069

Property Overview: 1016 N Croft Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 3,488 living square feet and 6,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention investors and developers . . . . Here is your opportunity to own a bread-and-butter property close to the vibrant heart of West Hollywood. While rents are currently under market due to some solid long-term tenants, there is great upside potential. The largest unit (2 bed / 1 bath) is currently vacant so you can choose your new tenant or even move in yourself! This 4-unit 1940s building has retained much of its original character including built-ins, period tile-work, and hardwood floors in most units. Your tenants will enjoy using the charming common-area entertainment deck complete with lounge area, dining area, grill and bistro lights. The property also features off-street garage parking for 4 cars as well as an income producing laundry room. There is also a strong development opportunity here as the building is sited on a City of LA, R3 6,500+ sq.ft. lot with a potential to build more units. Please do not disturb occupants or walk the property without an appointment.

Listed by Robert Baer | BRE #01334830 | Coldwell Banker Realty
Last checked: 39 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,503
HOA Dues
$0/mo
Year built
1940
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21758270
City
Los Angeles
County
Los Angeles
Time on Site
1036 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,259
  • Total Rent: $1,259
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,524
  • Total Rent: $1,524
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,930
  • Total Rent: $1,930
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.5
  • Gross Scheduled Income: --
  • Net Operating Income: $95,424
  • Gross Operating Income: $107,640
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,873
  • Insurance: $5,100
  • Maintenance: $3,000
  • Water/Sewer: $1,716

Property Details for 1016 N Croft Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Trees/Woods
  • Total # of Units: 4
  • Parcel Number: 5529001017
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica and east of La Cienega
View more facts & features

Local Los Angeles Agent

Sale History for 1016 N Croft Ave

Last sold for $2,400,000 on October 1st, 2021

  • July, 2021

  • Jul 21, 2021

    Date

    Pending

    CRMLS: 21758270

    $1,999,000

    Price

  • Jul 8, 2021

    Date

    Active

    CRMLS: 21758270

    $1,999,000

    Price

Tax History for 1016 N Croft Ave

Assessed Value (2020): $1,529,461
Year Land Value Improved Value Assessed Value
2020 $1,019,644 $509,817 $1,529,461

Home Value Compared to the Market

This property vs the competition

1016 N Croft Ave sold on October 1, 2021 for 67.98% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $573.11 per/sqft which puts the price per square foot 24.09% lower than the current median sale per square foot for the city of Los Angeles.

About 1016 N Croft Ave

Detailed summary of property

1016 N Croft Ave is a multi family that recently sold in Los Angeles, CA 90069. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 3,488 living square feet, and sits on an approximately 6,503 square foot lot. 1016 N Croft Ave was first listed on ArdentRealEstateGroup.com on July 8, 2021. The homeowner sold the property for $2,400,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.98% higher than the current median priced home. Local homes that are currently for sale include 6626 W 6th St, 461 N Vista St and 6347 Orange St. While the average home in Los Angeles, CA is selling in 94 days, 1016 N Croft Ave has a days on market of 13 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1016 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 1016 N Croft Ave

Public county record property details
Beds
5
Baths
4
Year built
1940
Sq. Ft.
3,488
Lot Size
6,503
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
92
APN
5529-001-017

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
$2,049,000
Median List Price/Sq.Ft.
$1,084
Median Sold Price
$1,850,000
Median Sold Price/Sq.Ft.
$1,065
Total Inventory
265
Median Sale to List Price %
100.05%
Avg Days on Market
66
Loan Type
Conventional (3.03%), FHA (0%), VA (0%), Cash (18.18%), Other (3.03%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1016 N Croft Ave

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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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