122 Croft Avenue, Los Angeles, CA 90048
$3,200,000 LOGIN TO SAVE
122 Croft Avenue, Los Angeles, CA 90048
Bedrooms: 4
span widget
Bathrooms: 4
span widget
span widget
Area: SqFt.
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 Financial Spreadsheet.
