71
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$3,200,000
Est. payment /mo
7,507 Sqft Lot
Active
122 North Croft Avenue Los Angeles, CA 90048
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-23947
Year Built 1956
Lot Size 7,507 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Beverly Grove | 8-Unit Apartment | PRIME Location
Welcome to 122 North Croft Avenue â€' 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.
Welcome to 122 North Croft Avenue â€' 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.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Interior
Interior Features Balcony, Open Floorplan
Heating Wall Furnace
Flooring Carpet, Tile, Wood
Fireplaces Type None
Laundry Common Area, Community
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Street, Carport
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
Building
Lot Description Sprinklers, Front Yard, Sprinklers On Side
Sewer Public Sewer
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