112 S Croft Avenue

Los Angeles , CA 90048

MLS#: 25554171

$2,695,000

Status: Active
Listing number: 25554171
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.1721 acres

We are pleased to present a 7,495 square foot (SF) development site located at 112 South Croft Avenue in Los Angeles, California. The single lot is located in a prime Beverly Grove location, south of Beverly Boulevard and west of La Cienega Boulevard. Located in a very prime Beverly Grove neighborhood, this rare offering features one parcel of land totaling 7,495 SF. Zoned LAR3-1 with Tier 2 TOC benefits, the property presents a prime development opportunity just steps from iconic destinations like the Beverly Center. With no history of tenancy and no replacement requirements, this blank canvas allows for multiple strategic approaches to maximize potential value. Under the CHIPS program, developers can build up to 22 units, making this a high-potential site in one of Los Angeles' most dynamic urban hubs. Another great option for this site would be to build for sale townhomes which are selling in the neighborhood for over $900 per square foot. Just steps from the Beverly Center, Cedars-Sinai Medical Center, The Farmer's Market, and The Grove, this offering provides developers a very rare opportunity to acquire an LAR3-1 7,500 SF blank canvas lot with no history of tenancy in a market with the highest barriers to entry.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1721

  • Property Type

    Land

Price

  • Sales Price

    $2,695,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

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Listing Courtesy of Jason Tuvia , Marcus & Millichap

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We are pleased to present a 7,495 square foot (SF) development site located at 112 South Croft Avenue in Los Angeles, California. The single lot is located in a prime Beverly Grove location, south of Beverly Boulevard and west of La Cienega Boulevard. Located in a very prime Beverly Grove neighborhood, this rare offering features one parcel of land totaling 7,495 SF. Zoned LAR3-1 with Tier 2 TOC benefits, the property presents a prime development opportunity just steps from iconic destinations like the Beverly Center. With no history of tenancy and no replacement requirements, this blank canvas allows for multiple strategic approaches to maximize potential value. Under the CHIPS program, developers can build up to 22 units, making this a high-potential site in one of Los Angeles' most dynamic urban hubs. Another great option for this site would be to build for sale townhomes which are selling in the neighborhood for over $900 per square foot. Just steps from the Beverly Center, Cedars-Sinai Medical Center, The Farmer's Market, and The Grove, this offering provides developers a very rare opportunity to acquire an LAR3-1 7,500 SF blank canvas lot with no history of tenancy in a market with the highest barriers to entry.

112 S Croft Avenue

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