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

$4,925,000
  • 13 Beds
  • 13 Baths
  • 6,879 Sq.Ft.
For Sale
$4,925,000 Get Pre-Qualified
Map preview of 955 N Croft Ave, Los Angeles, CA 90069

Property Overview: 955 N Croft Ave Los Angeles, CA has 13 bedrooms, 13 bathrooms, 6,879 living square feet and 6,500 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: 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.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Shaya Braverman | BRE #01861842 | Keller Williams Beverly Hills
Last checked: 3 minutes ago | Last updated: March 20th, 2024 | Source CRMLS | DOM: 224
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Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23307839
City
Los Angeles
County
Los Angeles
Time on Site
240 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,950
  • Total Rent: $5,950
  • Pro Forma/Market Rent: $5,950
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,008
  • Total Rent: $25,040
  • Pro Forma/Market Rent: $25,040
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: 13.2
  • Gross Scheduled Income: --
  • Net Operating Income: $258,911
  • Gross Operating Income: $373,080
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 955 N Croft Ave

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Property Details for 955 N Croft Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Gated, Side by Side, Subterranean
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5529002025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd. Between Romaine and Willoughby. Just east of La Cienega Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 955 N Croft Ave

Last leased for $4,500 on April 29th, 2024

  • April, 2024

  • Apr 29, 2024

    Date

    Leased

    CRMLS: 24378739

    $4,500

    Price

  • Apr 10, 2024

    Date

    Active

    CRMLS: 24378739

    $4,495

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • April, 2024

  • Apr 2, 2024

    Date

    Expired

    CRMLS: 24342777

    $4,495

    Price

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342777

    $4,595

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • January, 2024

  • Jan 29, 2024

    Date

    Leased

    CRMLS: 24342803

    $4,750

    Price

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342803

    $4,850

    Price

  • Listing provided courtesy of CRMLS

    Top floor, fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23314941

    $4,850

    Price

  • Sep 25, 2023

    Date

    Active

    CRMLS: 23314941

    $4,850

    Price

  • Listing provided courtesy of CRMLS

    Top floor, fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23314141

    $4,595

    Price

  • Sep 22, 2023

    Date

    Active

    CRMLS: 23314141

    $4,650

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • October, 2023

  • Oct 28, 2023

    Date

    Leased

    CRMLS: 23314373

    $5,950

    Price

  • Sep 22, 2023

    Date

    Active

    CRMLS: 23314373

    $6,450

    Price

  • Listing provided courtesy of CRMLS

    Front facing, 3 bed/3 bath unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan and completely private 800 SqFt front yard surrounded by tall ficus. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • October, 2023

  • Oct 20, 2023

    Date

    Leased

    CRMLS: 23302077

    $5,250

    Price

  • Aug 18, 2023

    Date

    Active

    CRMLS: 23302077

    $5,350

    Price

  • Listing provided courtesy of CRMLS

    Rare unit with 300 SqFt PRIVATE back patio! This fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • September, 2023

  • Sep 20, 2023

    Date

    Canceled

    CRMLS: 23293025

    $4,950

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23293025

    $5,195

    Price

  • Listing provided courtesy of CRMLS

    Top floor, fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • September, 2023

  • Sep 20, 2023

    Date

    Canceled

    CRMLS: 23292783

    $4,750

    Price

  • Jul 20, 2023

    Date

    Active

    CRMLS: 23292783

    $4,950

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • September, 2023

  • Sep 20, 2023

    Date

    Canceled

    CRMLS: 23293265

    $6,950

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23293265

    $6,950

    Price

  • Listing provided courtesy of CRMLS

    Front facing, 3 bed/3 bath unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan and completely private 800 SqFt front yard surrounded by tall ficus. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • September, 2023

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23307839

    $5,100,000

    Price

  • September, 2023

  • Sep 1, 2023

    Date

    Leased

    CRMLS: 23297897

    $5,350

    Price

  • Aug 4, 2023

    Date

    Active

    CRMLS: 23297897

    $5,395

    Price

  • Listing provided courtesy of CRMLS

    Front facing upper unit! 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • August, 2023

  • Aug 1, 2023

    Date

    Leased

    CRMLS: 23295539

    $4,950

    Price

  • Jul 28, 2023

    Date

    Active

    CRMLS: 23295539

    $5,195

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 2 bedroom 2 bathroom unit in the heart of West Hollywood! This sophisticated unit features a generous open floor plan. A Chef's kitchen includes top-of-the-line appliances and contemporary cabinetry. Additional features include in-unit washer & dryer, and secured parking. Located on a quiet tree-lined street in prime West Hollywood, moments from Melrose Place - A world-class destination for restaurants, bars and shopping.

  • July, 2021

  • Jul 15, 2021

    Date

    Sold

    CRMLS: 21708004

    $3,250,000

    Price

  • Mar 20, 2021

    Date

    Active

    CRMLS: 21708004

    $3,500,000

    Price

  • Listing provided courtesy of CRMLS

    This the first time in over 45 years that the property has been marketed for sale, making this a rare opportunity for a new investor. Consisting entirely of large two-bedroom, two-bathroom units, the property features floorplans averaging approximately 1,100 square feet each. Current tenants are paying an average of approximately $2.28 per square foot, which is well below the $3.88 per square foot rent that similar properties are achieving in this exclusive neighborhood. In addition to capitalizing on this rent upside, a new investor can also enjoy additional revenue streams generated by the on-site laundry room and the covered parking spaces.Located near the intersection of Santa Monica Boulevard and La Cienega Boulevard, the property is only three blocks from the world famous Sunset Strip. Tenants at this property enjoy all of the amenities and benefits of West Hollywood, while the landlord is not restricted by West Hollywood rent control. In addition to the Sunset Strip, the property is also within blocks of Trader Joes, Sprouts, Nobu, and Barneys Beanery. Several major high-end shopping destinations are within a short drive, including The Beverly Center, The Grove, The Original Farmers Market, Robertson Boulevard, and Rodeo Drive.

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Tax History for 955 N Croft Ave

Assessed Value (2020): $937,700
Year Land Value Improved Value Assessed Value
2020 $597,849 $339,851 $937,700

Home Value Compared to the Market

This property vs the competition

955 N Croft Ave is listed 302.04% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $715.95 per/sqft which puts the price per square foot 7.5% lower than the median price per square foot for the city of Los Angeles.

About 955 N Croft Ave

Detailed summary of property

955 N Croft Ave is a multi family located in Los Angeles, CA 90069 and is currently for sale. This multi family property offers 13 bedrooms, 13 bathrooms, roughly 6,879 living square feet, and sits on an approximately 6,500 square foot lot. 955 N Croft Ave was first listed on ArdentRealEstateGroup.com on September 5, 2023. The homeowner is currently asking $4,925,000 and was originally asking $5,100,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 302.04% higher than the median priced home. Local competing homes currently for sale include 1453 S Beverly Dr, 1042 Wilcox Ave and 1975 S Corning St. While the average home in Los Angeles, CA is selling in 96 days, 955 N Croft Ave has a days on market of 224 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 955 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 955 N Croft Ave

Public county record property details
Beds
12
Baths
13
Year built
1967
Sq. Ft.
6,879
Lot Size
6,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
144
APN
5529-002-025

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.
$1,084
Median Sold Price
$1,850,000
Median Sold Price/Sq.Ft.
$1,065
Total Inventory
262
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%)

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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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