1001 N Croft Ave , Los Angeles, CA 90069
$3,795,000
Est. Payment: $20,267.96/mo
3 Bed
3 Bath
7888 Sqft
Status: Active Under Contract | Days on site: 14
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CLW-X81461 - CLW-C106829,CLW-C143828
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House 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.

Highlights

Listed by John Swartz , 3109229668 and Jacqueline Carroll , 917-757-3442 Compass , 310-230-5478. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1988

County

Los Angeles

Area

C10 - West Hollywood Vicinity

Listing ID

26876191

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:0
Appliances:Dishwasher, Microwave, Refrigerator
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:15
Zoning:LAR3
Others:
  • Additional:2+ Total Units
Principal Interest
$20,268
Taxes
$2,419

Home Price

$3,795,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$759,000
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Monthly Price:
$20,267.96

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,267.96 $2,419.31 $0.00 $22,687.27
Yearly $243,215.47 $29,031.75 $0.00 $272,247.22
Total $7,296,464.21 $870,952.50 $0.00 $8,167,416.71

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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