745 N Croft Ave - Residential LAND FOR SALE


Los Angeles, CA 90069 6,098 SF
$2,695,000 USD
310-968-5303
745 N Croft Ave, Los Angeles, CA for Sale
$2,695,000 USD
Residential LAND - FOR SALE
1/26
6,098 SF

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
  • Favorably zoned (Q)R3-1, the site offers an astute developer with a multitude of redevelopment options
  • Current rent/SF of rentals in the immediate area exceed $6.00
  • As a highly desirable market, multifamily performance has remained robust. Average rents in this area are some of the highest in the state.
  • Incredible location close to the Beverly Center, the Grove, the Sunset Strip, and the Hollywood Hills

OVERVIEW

HUGE PRICE REDUCTION FOR ONE OF THE BEST LOCATED PROPERTIES IN TOWN! We are 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/ACRE

$19,251,263/AC

PRICE/SF

$442 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Vacant Duplex R3 Zoned in A+ Location

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.14 AC

LAND SF

6,098 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

(Q)R3-1 Tier 2

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.