$3,500,000 955 N Croft Avenue Los Angeles, CA

MLS: 21708004   Type: Income   County: Los Angeles   City: Los Angeles   Area: West Hollywood Vicinity   Zip: 90069     Stories: 3

Mortgage $16,432 /mo



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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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Price History

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

Garage Y/N Yes
Listing Agent Roderick 'Rick' Raymundo - BRE#01357019
Listing Agent State License 01357019
MLS Area C10 - West Hollywood Vicinity
Parking Features Garage
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
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

Property Schools

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Property vs Zip Code Avg (90069)

Price 3.50M Avg 4.06M

Acres 0.149197 Avg 0.16

Visits 57 Avg 42

Days on Site 94 Avg 71

Walkscore® 92 Avg 90

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Roderick 'Rick' Raymundo with Marcus & Millichap.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA