Address
955 N Croft Avenue Los Angeles, CA
Price
$ 3,500,000
Property Attributes
  • MLS#21708004
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWest Hollywood Vicinity
  • Zip90069
  • Style
  • Price$ 3,500,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap.
Data Source:
CRMLS
Property Description

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.

Price History
3/20/2021 Listed $3,500,000

General Features

Garage Y/N Yes
MLS Area C10 - West Hollywood Vicinity
Parking Features Garage
Property Type Residential Income
Total Units 6
Zoning LAR3

Exterior Features

Lot Size Acres 0.15
Lot Size Area 6499
Lot Size Square Feet 6499
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90069

Price
AVG $3.49M
$3.5M
Visits
AVG 37
16
Year Built
AVG 1955
1967
Walkscore
AVG 91
92
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.