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1005-1015 N Croft Ave 21 Unit Apartment Building $12,600,000 ($600,000/Unit) 6.25% Cap Rate Los Angeles, CA 90069

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

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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 ANNUAL PER SF
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
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $12,600,000 Apartment Style Low-Rise
Price Per Unit $600,000 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 $12,600,000
Price Per Unit $600,000
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 $2,900 -
1+1 9 $3,500 -
2+2 6 $4,900 -
3+2 3 $5,500 -

LINKS

1 1
1005-1015 N Croft Ave, Los Angeles, CA - AERIAL map view
Walk Score®
Walker's Paradise (93)
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measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores
(310) 710-8841

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 32792129

  • Date on Market: 8/14/2024

  • 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

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

1005-1015 N Croft Ave

Azy Farahmand
(310) 710-8841

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