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$ 3,200,000
Est. payment | /mo
7,507 Sqft Lot
$ 3,200,000
Est. payment | /mo
7,507 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRP1-23947
HOA Y/N No
Year Built 1956
Lot Size 7,507 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
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. Main Electrical Panel, and subpanel/disconnects replaced in November 2025.Upon leasing of unit 8 (2BD,2BA, ~1,150sqft), between $3.300-$3,400/month, GOI: $218,316 - expenses of $42,836= NOI: $176,480.00. Cap rate 5.5%. Click on Documents for
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Carpet, Wood
Fireplace No
Laundry Common Area, Other
Building
Lot Description Other, Front Yard
New Construction No
Others
Tax ID 5511012008
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Listed by Maya Lazich • Corcoran Icon Properties
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