thank you
Your email has been sent.
122 N Croft Ave 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 4.43% Cap Rate Los Angeles, CA 90048
INVESTMENT HIGHLIGHTS
- AMAZING LOCATION
EXECUTIVE SUMMARY
Investment Overview:
Welcome to 122 North Croft Avenue, a rare investment opportunity in one of Los Angeles’ most desirable rental corridors. This charming 8-unit apartment building offers a long and stable rental history, making it ideal for investors seeking dependable cash flow and long-term appreciation.
Location Highlights:
Nestled in the heart of Beverly Grove, the property provides unbeatable access to Los Angeles’ most vibrant dining, shopping, and employment hubs. Tenants enjoy a walkable lifestyle with proximity to The Grove, Cedars-Sinai, Melrose Avenue, and premier retail on Beverly Boulevard, as well as easy access to Beverly Hills, West Hollywood, and Hollywood.
Welcome to 122 North Croft Avenue, a rare investment opportunity in one of Los Angeles’ most desirable rental corridors. This charming 8-unit apartment building offers a long and stable rental history, making it ideal for investors seeking dependable cash flow and long-term appreciation.
Location Highlights:
Nestled in the heart of Beverly Grove, the property provides unbeatable access to Los Angeles’ most vibrant dining, shopping, and employment hubs. Tenants enjoy a walkable lifestyle with proximity to The Grove, Cedars-Sinai, Melrose Avenue, and premier retail on Beverly Boulevard, as well as easy access to Beverly Hills, West Hollywood, and Hollywood.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$179,472
|
$20.71
|
| Other Income |
$1,000
|
$0.12
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,472
|
$20.83
|
| Taxes |
$4,700
|
$0.54
|
| Operating Expenses |
$33,885
|
$3.91
|
| Total Expenses |
$38,585
|
$4.45
|
| Net Operating Income |
$141,887
|
$16.38
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $179,472 |
| Annual Per SF | $20.71 |
| Other Income | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.12 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,472 |
| Annual Per SF | $20.83 |
| Taxes | |
|---|---|
| Annual | $4,700 |
| Annual Per SF | $0.54 |
| Operating Expenses | |
|---|---|
| Annual | $33,885 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $38,585 |
| Annual Per SF | $4.45 |
| Net Operating Income | |
|---|---|
| Annual | $141,887 |
| Annual Per SF | $16.38 |
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.43% | Building Size | 8,664 SF |
| Gross Rent Multiplier | 17.83 | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Zoning | LAR3 - Multi unit/Commercial | ||
| Price | $3,200,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 4.43% |
| Gross Rent Multiplier | 17.83 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,664 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | LAR3 - Multi unit/Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Kitchen
- Tub/Shower
- Den
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5511-012-008 | Total Assessment | $259,829 (2025) |
| Land Assessment | $73,521 (2025) | Annual Taxes | $4,700 ($0.54/SF) |
| Improvements Assessment | $186,308 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5511-012-008
Land Assessment
$73,521 (2025)
Improvements Assessment
$186,308 (2025)
Total Assessment
$259,829 (2025)
Annual Taxes
$4,700 ($0.54/SF)
Tax Year
2024
1 of 55
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
122 N Croft Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.