tomo logo

$4,200,000

Beds
10
sq ft
6,440

1009 N Croft Ave, Los Angeles, CA 90069

1009 N Croft Ave

Los Angeles, CA 90069

  • 185 days on market
A 7 unit building, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom residences. With 6 vacant units, one tenant in. 1009 is sold together as a package with the two adjacent lots, 1005 croft and 1015 Croft. Buyers can carry out an extensive remodel or simply refresh the interiors and bring all rents to market value with a high Cap rate!! RTI plans for all three lots, 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, 24-407489. Email for OM.

Details

Property type

Lot size

6,499 sq ft

Price per sq ft

$653

Year built

1958

HOA

No

Price History

06/24/2024
CLAW

CLAW #24407485

Listed
$4,200,000
-9.68%
06/14/2024
CLAW

CLAW #23326709

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

CLAW #23326709

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

October 2020

Original loan amount

$4,440,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Commercial

Seller

Beverly Hills Flats Llc

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: 12/26/2024 at 9:50 AM

Listing updated: 12/04/2024 at 6:35 PM

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

MLS: CLAW #24407485

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