1016 N Croft Ave, Los Angeles, CA 90069

Property Description

Attention investors and developers . . . . Here is your opportunity to own a bread-and-butter property close to the vibrant heart of West Hollywood. While rents are currently under market due to some solid long-term tenants, there is great upside potential. The largest unit (2 bed / 1 bath) is currently vacant so you can choose your new tenant or even move in yourself! This 4-unit 1940s building has retained much of its original character including built-ins, period tile-work, and hardwood floors in most units. Your tenants will enjoy using the charming common-area entertainment deck complete with lounge area, dining area, grill and bistro lights. The property also features off-street garage parking for 4 cars as well as an income producing laundry room. There is also a strong development opportunity here as the building is sited on a City of LA, R3 6,500+ sq.ft. lot with a potential to build more units. Please do not disturb occupants or walk the property without an appointment.