Thank you
Azy Farahmand
The Agency
424-400-5900
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.
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Total Bedrooms : 10
Total Baths: 10
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator
Wall Furnace
Has Heating
Year Built: 1958
Building Area Total: 6,440
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1494
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6508
Original List Price: 4,650,000
Listing Contract Date: 2023-11-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5529007024
Garage Description: Garage,Pull-through,On Street,Tandem
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 4228
Directions: From Santa Monica Blvd, head south on Croft Avenue.
Zoning: LAR3
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 66
Year Built Source: Vendor Enhanced
Total Square Feet Living: 6440
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 |
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 |
955 N Croft Avenue, Los Angeles, CA,90069 | $4,925,000 | 13 | -- | 6,879 | 6500 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 13:33
MLS: 23326717
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.