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122 N Croft Avenue Los Angeles, CA $ 3,200,000
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$ 3,200,000 Get more info
122 N Croft Avenue
$ 3,200,000
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122 N Croft Avenue

Los Angeles, CA, 90048
$ 3,200,000
Baths1.0

Monthly Estimate*

$ 19,964

Listed by Corcoran Icon Properties
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $3,200,000 with 1 full bath. This home was built in 1956 on a lot size of 0.1723.

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.

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Multi-Family Pending

Price

$ 3,200,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1723

Year Built

1956

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

P123947

Days on Market

204
Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Shingle
Appliances Gas Range Refrigerator
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Balcony
Pool Features None
Year Built 1956
Gross Income 218316
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 176480
Operating Expense 42836
Insurance Expense 15210
New Construction false
Property Type Residential Income
Subdivision Name Not Applicable
Facing Direction West
Garage Y/N false
Special Listing Conditions Trust
Status Pending
Directions South of Beverly Blvd North of 3rd Street.
City Los Angeles
Disclosures Rent Control
Senior Community Y/N false
Number Of Units Total 8
MLS Area C19 - Beverly Center-Miracle Mile
Lot Size Units Square Feet
Lot Size Square Feet 7507
Carport Spaces 7
Carport Y/N true
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1008
Trash Expense 0
Water Sewer Expense 6012
Rent Control Y/N true
Standard Status Pending
Year Built Source Public Records
Tax Lot 9
Cap Rate 5.5
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Interior
Interior Amenities Balcony Open Floorplan
Flooring Carpet Tile Wood
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Total Baths 0
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Exterior
Exterior Amenities Balcony Lighting Rain Gutters
Fencing Block Wood
Parking Features Carport On Street
Lot Features Front Yard Sprinklers On Side
Total Parking 7
Lot Size Area 7507
Number of Buildings 1
Spa false
Lot Size Acres 0.1723
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded Features
List By
Corcoran Icon Properties

Broker

maya.lazich@corcoranicon.com

Email

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$19,964
Per Month
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0%
Monthly Principal & Interest
$19,964
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/11/2025$3,200,000 Listed Price

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122 N Croft Avenue, Los Angeles, CA, 90048 is a Multi-Family Home for sale at $3,200,000 with a lot size of 0.1723. 122 N Croft Avenue is a studio with 1.0 baths and was built in 1956. The property's zip code is 90048 which is in Los Angeles, CA

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