Thank you
Azy Farahmand
The Agency
424-400-5900
Property sold RTI !!! Welcome to an exceptional investment opportunity in the heart of West Hollywood. This offering presents three adjacent lots sold together, each boasting a seven-residence building with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. Situated in one of Los Angeles' most desirable neighborhoods of WEHO on Croft Avenue, these properties offer a remarkable canvas for investors and developers. With most units vacant, buyers will have the flexibility and freedom to carry out an extensive remodel or simply refresh the interiors. RTI plans are for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, panoramic rooftop decks for all residents to enjoy, and no low income units. These lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. Whether you're an experienced developer seeking your next project or an investor looking to enter the dynamic West Hollywood income property market by just remodeling and bringing in market rent, these properties offer endless opportunities. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 23-298535, 23-326709, 23-326717. Email for OM.
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Total Bedrooms : 30
Total Baths: 30
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator
Wall Furnace
Has Heating
Year Built: 1959
Building Area Total: 19,320
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.4478
Lot Size Dimensions: 50x130
Lot Size Source: Owner
Lot Size Square Feet: 19506
Original List Price: 13,950,000
Listing Contract Date: 2023-11-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5529007026
Garage Description: Garage,Pull-through,On Street,Tandem
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 4230
Directions: From Santa Monica Blvd, head south on Croft Avenue.
Zoning: LAR3
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 65
Year Built Source: Vendor Enhanced
Total Square Feet Living: 19320
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1615 Blue Jay Way, Los Angeles, CA,90069 | $18,999,000 | 5 | 6 | 11,500 | 25225 Sqft |
9410 Sierra Mar Place, Los Angeles, CA,90069 | $14,150,000 | 3 | 5 | 7,217 | 11094 Sqft |
1877 Rising Glen Road, Los Angeles, CA,90069 | $14,995,000 | 4 | 5 | 8,339 | 23093 Sqft |
8469 Franklin Avenue, Los Angeles, CA,90069 | $3,875,000 | 4 | 3 | 2,585 | 6335 Sqft |
1800 N Doheny Drive, Los Angeles, CA,90069 | $9,995,000 | -- | -- | -- | 15616 Sqft |
8637 W Hillside Avenue, Los Angeles, CA,90069 | $749,000 | -- | -- | -- | 16144 Sqft |
2613 Bronholly Drive, Los Angeles, CA,90069 | $300,000 | -- | -- | -- | 4600 Sqft |
1380 Mockingbird, Los Angeles, CA,90069 | $39,950,000 | 6 | 7 | 14,000 | 67115 Sqft |
1017 N Croft Avenue #301, Los Angeles, CA,90069 | $1,749,000 | 2 | 2 | 1,392 | 10000 Sqft |
1220 Sunset Plaza Drive, Los Angeles, CA,90069 | $50,000,000 | 6 | 6 | 11,412 | 100078 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 10:42
MLS: 23334739
LISTED BY: Azy Farahmand, The Agency
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.