tomo logo

$12,600,000

Beds
30
sq ft
19,320

1005 N Croft Ave, Los Angeles, CA 90069

1005 N Croft Ave

Los Angeles, CA 90069

  • 5 days on market
Three adjacent lots sold together, 7 units in each building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With almost all units vacant, buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap!! RTI plans, with zero low income units, can also be available for a 24-unit mid/full-service apartment complex featuring on-site staff, underground valet parking, and panoramic rooftop deck. Located in one of most desirable neighborhoods in LA, these lots offer unparalleled access to the city's finest dining, shopping, and entertainment destinations. All three properties (1005, 1009, 1015 N. Croft Ave) are listed separately in MLS as well, please see MLS#s 24-407401, 24-407485, 24-407489. Email for OM.

Details

Property type

Est. home value

$3,521,129

Lot size

0.4478 acres

Price per sq ft

$653

Year built

1959

HOA

No

Price History

06/24/2024
CLAW

CLAW #24407399

Listed
$12,600,000
+170.97%
06/14/2024
CLAW

CLAW #23298535

Removed
$4,650,000
11/28/2023
CLAW

CLAW #23298535

Listed
$4,650,000

Schools & Community

Neighborhood: 

Mid City West

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lone Oak Fund Llc

Loan start date

May 2021

Original loan amount

$1,980,000

Est. remaining balance

Not provided

Interest rate

3.13%

Loan type

Commercial

Seller

Madison Real Estate Investments Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 06/29/2024 at 6:35 AM

Listing updated: 06/24/2024 at 7:13 PM

Listed by: Azy Farahmand, The Agency Phone #: (424) 400-5900

MLS: CLAW #24407399

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