122 N Croft Ave
Los Angeles, CA 90048
Beverly Grove | 8-Unit Apartment | PRIME LocationWelcome to 122 North Croft Avenue a' a rare investment opportunity in one of Los Angeles' most sought-after rental corridors.
Sales Price $3,200,000
Beds
9
Baths
9
Home Size
Sq. Ft.
Lot Size
7507 Sq. Ft.
Beverly Grove | 8-Unit Apartment | PRIME LocationWelcome to 122 North Croft Avenue a' a rare investment opportunity in one of Los Angeles' most sought-after rental corridors.
Located in the heart of Beverly Grove, this charming 8-unit apartment building boasts a long and stable rental history, making it ideal for investors seeking dependable cash flow and long-term upside.Nestled between Beverly Hills, West Hollywood, and Hollywood, the property offers unbeatable access to LA's most vibrant dining, shopping, and employment centers. Tenants enjoy a walkable lifestyle just moments from The Grove, Cedars-Sinai, Melrose Avenue, and premier retail on Beverly Boulevard.This meticulously maintained building benefits from an ideal tenant profile and consistent occupancy, supported by the area's high rental demand and low turnover. Whether you're seeking a core investment or a value-add opportunity through modernization, 122 North Croft offers the perfect blend of location, stability, and potential.Roof replaced in 2020. Water heater replaced in 2025.Unit 8 is currently owner occupied & not generating any rent. Owner will be moving out on or before close of escrow. Upon leasing of unit 8 (2BD,2BA, ~950sqft), immediate realized Pro Forma is $3.100-$3,400/month, making the pro forma GOI: $217,672 - expenses= NOI: $182,057. Cap rate 5.68%. Please contact Bryan Hogge for all financial analysis questions. Bryan Hogge's direct number is (925) 437-8181.
This home located at 122 N Croft AVE is currently active and has been available on pardeeproperties.com for 16 days. This property is listed at $3,200,000. It has 9 beds and 9 bathrooms. The property was built in 1956. 122 N Croft AVE is in the Beverly Center-Miracle Mile community of Los Angeles County.
Quick Facts
- 16 days on market
- Built in 1956
- Total parking spaces 7Car
- Carport, On street
- Community | Beverly Center-Miracle Mile
- MLS# | P1-23947PF
Features
- Wall/Window Unit(s) Cooling
- Wall Heat
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