Share This Listing

Message

957 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

1005-1015 N Croft Ave 21 Unit Apartment Building $17,444,700 CAD ($830,700 CAD/Unit) 6.25% Cap Rate Los Angeles, CA 90069

Apartment Buildings California 1005-1015 N Croft Ave, Los Angeles, CA 90069

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • RTI Plans Available
  • Central Location
  • Mostly Vacant

EXECUTIVE SUMMARY

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.

ATTACHMENTS

1005-1015 Croft OM
1005-1015 OM

DATA ROOM Click Here to Access

  • Offering Memorandum

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $17,444,700 CAD Apartment Style Low-Rise
Price Per Unit $830,700 CAD Building Class C
Sale Type Investment Lot Size 0.45 AC
Cap Rate 6.25% Building Size 19,320 SF
Sale Conditions
High Vacancy Property
  • Redevelopment Project
 Average Occupancy 19%
Gross Rent Multiplier 12.02 No. Stories 2
No. Units 21 Year Built 1958
Property Type Multifamily Parking Ratio 1.55/1,000 SF
Property Subtype Apartment
Zoning R3 - Multiple Dwelling
Price $17,444,700 CAD
Price Per Unit $830,700 CAD
Sale Type Investment
Cap Rate 6.25%
Sale Conditions
High Vacancy Property
  • Redevelopment Project
Gross Rent Multiplier 12.02
No. Units 21
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.45 AC
Building Size 19,320 SF
Average Occupancy 19%
No. Stories 2
Year Built 1958
Parking Ratio 1.55/1,000 SF
Zoning R3 - Multiple Dwelling

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Hardwood Floors
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Family Room
  • Freezer
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Recycling
  • Public Transportation
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 3 $4,015 CAD -
1+1 9 $4,846 CAD -
2+2 6 $6,784 CAD -
3+2 3 $7,615 CAD -

LINKS

1 1
1005-1015 N Croft Ave, Los Angeles, CA - AERIAL map view
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(310) 710-8841

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 32792129

  • Date on Market: 2024-08-14

  • Last Updated:

  • Address: 1005-1015 N Croft Ave, Los Angeles, CA 90069

The Beverly Grove Multifamily Property at 1005-1015 N Croft Ave, Los Angeles, CA 90069 is currently available. Contact The Agency for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
1005-1015 N Croft Ave, Los Angeles, CA for sale Aerial- Image 1 of 8
image_l_1
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 2 of 8
image_l_2
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 3 of 8
image_l_3
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 4 of 8
image_l_4
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 5 of 8
image_l_5
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 6 of 8
image_l_6
1005-1015 N Croft Ave, Los Angeles, CA for sale Building Photo- Image 7 of 8
image_l_7
1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

1005-1015 N Croft Ave
(310) 710-8841 x

1005-1015 N Croft Ave

Azy Farahmand
(310) 710-8841

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.