955 Croft Avenue , Los Angeles, CA - 90069 is For Sale

  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
  • 23307839
$4,925,000· Income property

Description

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.

Features

MLS#: 23307839
List Price : $4,925,000
Total Units : 6
CAP rate : $5.26
Gross Operating Income : $373,080
Net Operating Income : $258,911
Sq M : 604 M2
Year Built : 1967
Days on market : 229 Days
Gross taxes : N/A
Address : 955 Croft Avenue
City : Los Angeles
State : CA
Zip Code : 90069
Neighborhood : N/A
Stories : 2
Parking Features : Assigned, Controlled Entrance, Gated, Side by Side, Subterranean
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $4,925,000
Acres : 0.1492
Lot Size (Acres) : 0.1492
Heating : Central
Parking Features : Assigned, Controlled Entrance, Gated, Side by Side, Subterranean
Cooling : Central Air
Driving Directions : South of Santa Monica Blvd. Between Romaine and Willoughby. Just east of La Cienega Blvd.
 
Courtesy of : Dario Svidler , Keller Williams Beverly Hills

Location

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