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Jenarda Makupson

jenarda@kingdomkeysrealty.net +1(818) 200-5538

$ 3,795,000

Est. payment | -/mo

14 Beds

14 Baths

7,888 SqFt

Save

$ 3,795,000

Est. payment | -/mo

Save

14 Beds

14 Baths

7,888 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,888 sqft

Price per Sqft $481

MLS Listing ID 26876191

Bedrooms 14

HOA Y/N No

Year Built 1988

Lot Size 6,499 Sqft

Property Description

1001 N. Croft Avenue, an eight-unit multifamily investment opportunity in one of Los Angeles' most supply-constrained rental submarkets. Built in 1988, the property is exempt from the Los Angeles Rent Stabilization Ordinance (LARSO) and is governed solely by AB 1482, giving ownership meaningful flexibility rarely found in this location. In-place rents sit approximately 20% below market, and because the property falls outside LARSO, a new owner can immediately implement the full 8.7% rent increase currently permitted under AB 1482 on seven of the eight units. This combination of day-one income growth and long-term mark-to-market upside, in a non-rent-controlled asset west of La Brea, positions 1001 N. Croft Avenue as a rare opportunity to acquire durable cash flow with a clear path to significantly higher returns.The unit mix consists of six spacious two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. Each unit is fully equipped with a gas stove, dishwasher, refrigerator, microwave, and in-unit washer and dryer, complemented by granite countertops and wood flooring throughout. Central air conditioning and heat in every unit further distinguishes the property from its competitive set. Private outdoor space is a defining feature: every unit enjoys a balcony, while Units 201 and 204 each feature two patios, and top-floor units are enhanced by vaulted ceilings. Parking is well provided seven tandem spaces and one single space give every unit dedicated on-site parking, and one unit has been upgraded with a tenant-installed EV charger. Utility structure is investor-friendly, with ownership responsible only for water, trash, and sewer.1001 N. Croft Avenue sits in the heart of the West Hollywood / Beverly Grove corridor, one of the most desirable and consistently high-performing rental locations in Los Angeles. Residents are moments from the Melrose District's shopping and dining, the Santa Monica Boulevard commercial corridor, and the design showrooms of the West Hollywood Design District. The Beverly Center, The Grove, and Cedars-Sinai Medical Center one of the region's largest employers are all within a short drive, with the employment centers of Century City, Beverly Hills, and Hollywood's studio and media campuses minutes away.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Exterior

Total Parking Spaces 15

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5529007027

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by John Swartz Compass #01873487

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 200-5538

jenarda@kingdomkeysrealty.net

303 North Glenoaks Boulevard #255, Burbank, CA 91501, USA

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1001 N Croft AVE Los Angeles, CA 90069