745 N Croft Ave - Apartments FOR SALE


Los Angeles, CA 90069
$2,695,000 USD
310-968-5303
745 N Croft Ave, Los Angeles, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

745 N Croft Ave
Los Angeles, CA 90069


HIGHLIGHTS

  • Ideally located in the heart of LA’s Westside just steps away from famed Melrose Place
  • Existing improvements consist of a VACANT duplex
  • Existing improvements consist of a VACANT duplex
  • Current rent/SF of rentals in the immediate area exceed $6.00
  • Incredible location close to the Beverly Center, the Grove, the Sunset Strip, and the Hollywood Hills

OVERVIEW

HUGE PRICE REDUCTION! Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & InvestmentRealty, is pleased to present a prestigious development opportunity located in a premier area of the Westside. 745 N Croft Avenue is a VACANT duplex which boasts close proximity to Melrose Place, known for its high-end retail and incredible dining establishments. Favorably zoned (Q)R3-1, the site allows for a range of uses utilizing California’s recently adopted new housing laws intended to ease multifamily development including reduced parking requirements and allowance of accessory dwelling units (ADUs) on certain sites. Also zoned TOC 2, this exceptional and rare opportunity offers a buyer a range of attractive redevelopment options in the thriving West Hollywood adjacent market.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$945 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,347,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant on R3 Land TOC 2 Steps to Melrose Pl.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,650 SF

ZONING

LAR3

APN/PARCEL ID

5528-001-024

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.