A+ Area - 6 Units Gutted & Renovated surrounded by West Hollywood

955 North Croft Avenue, Los Angeles, CA

$4,925,000

Price

5.26%

Cap Rate

$258,911

NOI

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Street
Map
Overview
Cap Rate
5.26%
NOI
$258,911
Building Size
6,879 sqft
Lot Area
6,500 sqft
Occupancy
83.3%
Class
A
Units
6
GRM
13.2
Year Built
1967
Zoning
QR3-1 Tier 3
Floors
2
Parking Spots
9
Description

REDUCED!

Partners CRE is 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 final 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.

Highlights
  • A+ Neighborhood surrounded by West Hollywood
  • Walker's Paradise per Walk Score
  • Steps to Melrose Place, one of the most in-demand areas in SoCal
  • Gutted the Entire Building - Spared No Expense!
  • Top of the Line Appliances, In-Unit Washer and Dryer, Secured Parking
  • Ownership has proven the Pro-Forma rents by leasing five units at projected rents
Documents
Title
Croft_955_OM.pdf
Croft_955_OM.pdf
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Location
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