1005 N Croft Avenue

Los Angeles , CA 90069

MLS#: 24407399

$12,600,000

Status: Active
Listing number: 24407399
Listing provided by: The Agency
Listing agent phone: None
Last update: a month ago
On site: 1 year, 1 month ago
Browse Properties
Main image without alt text

Property

Beds

30

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

19,320

Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap!! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.

Features & Amenities

Interior

  • Total Bedrooms

    30

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Garage, On Street, Tandem

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4478

  • Property Type

    Residential Income

Price

  • Sales Price

    $12,600,000

  • Sq. Footage

    19, 320

  • Price/SqFt

    $652

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Azy Farahmand , The Agency

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap!! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.

1005 N Croft Avenue

Message successfully sent.

What would you like to know?

Related Properties

11649 Mayfield Avenue is a 40-unit +/-10,868 SF multi-family property located in Los Angeles. The unit mix consists of (23) x Studio/1 Bath units, (13) x 1 Bed/1 Bath units and (4) x 1 Bed + Loft/1 Bath units. Zoned R3, the property sits on a 7,501 SF lot. Originally built in 2007, the property was renovated in 2019. Onsite amenities include a rooftop lounge area with BBQ, fully-equipped kitchens with deluxe stainless steel appliances, onsite washer/dryers and cable/internet access ready units. Certain units have custom-designed furnishings and washer/dryers. The building also comes with secured access, subterranean parking and charging stations. 11649 Mayfield Avenue is within one mile of the 405 Freeway, via Wilshire Blvd. The property is ideally located near San Vicente Blvd shopping, restaurant and health facilities.
#25563265

Los Angeles

11649 Mayfield Avenue

27 Beds

None Baths

14,211 Sq.Ft.

$14,500,000

MLS#: 25563265

We are pleased to present The Orleans Apartments, a 54-unit investment opportunity in prime Koreatown just east of Normandie Ave and south of Beverly Blvd. The subject property features an ideal unit mix of 54 one-bedrooms with 57 subterranean parking spaces; five units will be delivered vacant at the close of escrow. This is a value-add opportunity with 40% rental upside achievable as units turn; units are well-maintained but can be enhanced to capture premium rents with a renovation program including luxury vinyl plank flooring, stainless steel appliances, custom cabinetry and countertops, smoothed ceilings and light fixtures, and HVAC; exterior upgrades could include paint and common area upgrades; third floor units have balconies and all appliances are electric. At the asking price, the property is being offered at $288 PSF and $192,222 per unit. There are two laundry rooms on the third and fourth floors, each with three washers and three dryers leased with Wash. Rare opportunity to acquire a sizeable asset with substantial upside located in one of the strongest rental submarkets in all of Los Angeles with continued rent growth year-over-year. High Walk Score of 87, close proximity to schools, employment, and transit options, this central location makes it convenient for residents to commute throughout the city to nearby neighborhoods such as Downtown LA, East Hollywood, Hollywood, Westlake, and Mid-City, among others. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the highly coveted submarkets in all of Los Angeles.
#25548411

Los Angeles

130 N Alexandria Avenue

54 Beds

None Baths

36,012 Sq.Ft.

$10,380,000

MLS#: 25548411

The Peake at 3518 Chesapeake Avenue is a 32 unit apartment building that was recently completed in 2023. The property is 4 stories over a level of on-grade parking and located steps from the Expo Metro E Line Farmdale station, connecting the property to the Westside and Downtown Los Angeles. The diverse unit mix consists of 9 studios with one bathroom, 8 one bedrooms with one bathroom and 12 two bedrooms with two bathroom plus 3 units that are affordable two bedrooms with two bathrooms.
#OC25089851

Los Angeles

3518 Chesapeake Avenue

None Beds

None Baths

23,032 Sq.Ft.

$14,500,000

MLS#: OC25089851

We are pleased to present for sale, The Serrano, located at 238 S. Serrano Ave. This prime Koreatown location is just north of 3rd Street and east of Western Ave., offering easy access to the Wilshire/Western Metro Station, shopping, and entertainment. The Serrano Apartments features 51 units with 23 Studios, 27 one-bedrooms, and 1 two-bedroom. The property has an on-grade parking garage with 41 single and 6 tandem parking spaces (53 total). Utilities are individually metered for electric and master-metered for gas. New ownership can take a different approach and achieve higher rents by extensively renovating units and common areas attracting millennial tenants who have proven to pay more for luxury units. The building is a very short walk to all that Koreatown has to offer. This is a great opportunity to acquire The Serrano Apartments with an in-place cap rate of 5.54%, a GRM of 11.77, with upside to a 7.15% cap rate and a 9.85 GRM.
#25522929

Los Angeles

238 S Serrano Avenue

32 Beds

None Baths

27,250 Sq.Ft.

$11,350,000

MLS#: 25522929

We are pleased to present the Siejay Apartments, a 72-unit multifamily investment opportunity located at 1337S Hoover St. in the Pico-Union neighborhood of Los Angeles. The subject property was originally a HUD Project-Based Section 8 property and was opted out of the HUD program in December 2009. Situated on a large 80,888-square-foot lot, the property offers a rare opportunity for additional value creation, with a significant rental upside of over 68%. There is also potential to add 40 to 50 accessory dwelling units (ADUs), subject to HCD and city approval (Buyer to verify). The existing unit mix includes 12 one-bedroom and 60 two-bedroom apartments, supported by 74 parking spaces. Siejay Apartments is well positioned for a Naturally Occurring Affordable Housing (NOAH) conversion, as 43% of the current tenants are voucher holders, while the remaining units rent for below approximately 80% of the area's median income (AMI). This favorable rent structure enhances the property's long-term stability and appeals to affordable housing investors. Additionally, its prime infill location provides residents with a Walk Score of 91 and seamless connectivity to public transit, including the Metro A and E Rail Lines and multiple Metro Local bus lines along S Hoover St, W Pico Blvd, and Venice Blvd. Beyond transit access, the property benefits from its central Los Angeles location, just a half mile from Loyola High School and close to major employment and cultural hubs. Convenient access to the 10 and 110 Freeways allows for an easy commute to Downtown LA, Koreatown, Westlake, and Mid-City. With its combination of strong in-place income, development potential, and a unique path to property tax exemption through California's Welfare Exemption(RTC 214), Siejay represents a rare opportunity to align investment returns with long-term affordability preservation. The NOAH conversion pathway, paired with the potential to improve NOI by an estimated $180,000 annually, creates a compelling value proposition for mission-driven investors and preservation-focused operators alike.
#25523091

Los Angeles

1337 S Hoover Street

132 Beds

None Baths

65,664 Sq.Ft.

$15,000,000

MLS#: 25523091

Gorgeous architecturally prominent 4 story building in the area referred to as "Rampart Village" that is quickly becoming the new Echo Park and Silverlake and minutes from Downtown LA. This property has undergone major renovations including new roof, new copper plumbing, new waste lines, updated electrical system, restored lobby and all common areas, updated windows, and thoughtfully renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright with high ceilings and city views. Incredible lobby that welcomes the tenants . The units rent like hotcakes. This is the perfect "CASH FLOW" deal as all the heavy lifting is done. On site and off site management makes this an easy asset to handle. 65 units plus one large ground floor retail/ office/ live work space.
#25478225

Los Angeles

2731 Beverly Boulevard

66 Beds

None Baths

24,795 Sq.Ft.

$10,300,000

MLS#: 25478225

Introducing The Magnus Walker Warehouse. Situated in the heart of the Downtown Los Angeles Arts District, this magnificent and soulful two story brick loft building, circa 1902, is the ultimate inspiration ground for any creatively inclined owner/user or commercial business with an eye for a one of a kind trophy property in an A+ location.This captivating property has been inhabited and beloved by multi-hyphenate Magnus Walker since he purchased it in 2000. Since then, It has been in use as a live/work space, a lucrative film/television/commercial location, an art gallery, the flagship and workshop of his clothing company, Serious Clothing, and the home of his priceless car collection.The building itself, at over 25,000 square feet, features a private and secure gated entry in to a courtyard with parking for up to 12 cars on the exterior and significantly more inside if needed. Exposed brick walls, vintage patinated wood floors, soaring ceiling heights, skylights, casement windows, an operating freight elevator, two kitchens, garden and 360 degree downtown views from the rooftop. Occupying 3 lots on two parcels, there are multiple street frontage opportunities for commercial use. Perfect for a buyer looking for a recording studio or production complex/clubhouse. A very rare offering - a legitimate gem and a once in a lifetime opportunity - it is ready for its next stewards' imagination and vision. Shown by appointment to pre qualified buyers only.
#24467847

Los Angeles

1317 Willow Street

3 Beds

None Baths

25,517 Sq.Ft.

$12,500,000

MLS#: 24467847

*Trojandale is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Best property in the student housing area surrounding the USC campus! Discover the crown jewel of the North University District with this stunning updated historic property, perfectly tailored for USC students seeking a blend of luxury and tradition. This unique residence boasts a beautiful Spanish-hacienda design, preserving its ornate architectural details while offering modern amenities that ensure comfort and convenience. The property currently features 20 units, comprising a mix of eight two-bedroom apartments and 12 one-bedroom apartments, providing ample options for students. There are preliminary plans to add six additional units by right and potentially up to eight Additional Dwelling Units, expanding the total rentable area by about 5,500 sq. ft. This enhancement could increase rental income by approximately $270,000 annually. There is an opportunity to increase the number of bedrooms inside the existing building. Each unit has ample space to add an additional bedroom. Don't miss your chance to own this remarkable piece of real estate that seamlessly blends historic charm with modern luxury.
#24458303

Los Angeles

2623 Ellendale Place

28 Beds

None Baths

17,099 Sq.Ft.

$11,000,000

MLS#: 24458303

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here