1015 Croft Avenue, Los Angeles

$4,650,000

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6 Beds
7 Baths
6,440 Sqft
.15 Acre
0 Garage

Welcome to an exceptional investment opportunity in the heart of West Hollywood. This offering presents three adjacent lots, each boasting a seven-unit building with a mix of studio, one-bedroom, two-bedroom, and three-bedroom units. Situated in one of Los Angeles' most desirable neighborhoods on Croft Avenue, these properties offer a remarkable canvas for investors and developers. With most units delivered vacant, buyers will have the flexibility and freedom carry out an extensive remodel or simply refresh the interiors. Also included with the sale are Ready-to-Issue (RTI) plans, streamlining the development process and generating returns sooner. RTI plans are for a 24-unit mid/full service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop decks for all residents to enjoy. These lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. Seize the chance to transform these three adjacent lots into a signature development that seamlessly blends modern aesthetics, convenient living, and urban sophistication. Whether you're an experienced developer seeking your next project or an investor looking to enter the dynamic West Hollywood market, these properties offer endless potential to shape a remarkable living experience.

Essential Information

MLS® #
23326717
Price
$4,650,000
Bedrooms
6
Bathrooms
7.00
Square Footage
6,440
Acres
0.15
Year Built
1958
Type
Residential Income
Status
Active

Community Information

Address
1015 Croft Avenue
Area
C10 - West Hollywood Vicinity
City
Los Angeles
County
Los Angeles
Zip Code
90069
Senior Community
N

Parking

Garage, Pull-through, On Street, Tandem

Garages

Garage, Pull-through, On Street, Tandem

Interior

Appliances
Refrigerator
Heating
Wall Furnace
Stories
Two

Additional Information

Date Listed
November 1st, 2023
Days on Market
184
Zoning
LAR3

Listing Details

Agent
Azy Farahmand
Office
The Agency

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 8:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.