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122 N Croft Ave 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 5.52% Cap Rate Los Angeles, CA 90048
INVESTMENT HIGHLIGHTS
- Upon leasing Unit 8 at market rent, the property instantly achieves PRO FORMA CAP RATE OF 5.68% and total Gross Income of $250,800
EXECUTIVE SUMMARY
Investment Overview:
Welcome to 122 North Croft Avenue, a rare investment opportunity in one of Los Angeles’ most desirable rental corridors. This charming 8-unit apartment building offers a long and stable rental history, making it ideal for investors seeking dependable cash flow and long-term appreciation.
Location Highlights:
Nestled in the heart of Beverly Grove, the property provides unbeatable access to Los Angeles’ most vibrant dining, shopping, and employment hubs. Tenants enjoy a walkable lifestyle with proximity to The Grove, Cedars-Sinai, Melrose Avenue, and premier retail on Beverly Boulevard, as well as easy access to Beverly Hills, West Hollywood, and Hollywood.
Welcome to 122 North Croft Avenue, a rare investment opportunity in one of Los Angeles’ most desirable rental corridors. This charming 8-unit apartment building offers a long and stable rental history, making it ideal for investors seeking dependable cash flow and long-term appreciation.
Location Highlights:
Nestled in the heart of Beverly Grove, the property provides unbeatable access to Los Angeles’ most vibrant dining, shopping, and employment hubs. Tenants enjoy a walkable lifestyle with proximity to The Grove, Cedars-Sinai, Melrose Avenue, and premier retail on Beverly Boulevard, as well as easy access to Beverly Hills, West Hollywood, and Hollywood.
DATA ROOM Click Here to Access
- Third Party Reports
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.52% | Building Size | 8,664 SF |
| Gross Rent Multiplier | 17.83 | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Zoning | LAR3 - Multi unit/Commercial | ||
| Price | $3,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Gross Rent Multiplier | 17.83 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,664 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | LAR3 - Multi unit/Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Kitchen
- Tub/Shower
- Den
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 |
| 2+2 | 1 | - | 1,151 |
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5511-012-008 | Improvements Assessment | $186,308 |
| Land Assessment | $73,521 | Total Assessment | $259,829 |
PROPERTY TAXES
Parcel Number
5511-012-008
Land Assessment
$73,521
Improvements Assessment
$186,308
Total Assessment
$259,829
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122 N Croft Ave
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