955 N CROFT AVENUE, LOS ANGELES CA 90069
- 6,879 sq.ft.
- 6,499 sq.ft. lot
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.
Listing Courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of March 19, 2021. 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.