111 S CROFT Ave, Los Angeles, CA 90048

Property Description

111 S. Croft Avenue is an 11 unit property in the premier Beverly Grove area of Los Angeles. Ideally located in the heart of LA's vibrant Westside, 111 S. Croft Avenue was constructed in 1990, and as such is not subject to the City of Los Angeles's Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over two levels of subterranean parking. Units include (9) 2+2 and (2) 1+1.5 floorplans. Interiors have been finished with real wood flooring (two have updated laminate flooring), modern cabinetry, and granite countertops. The building offers central HV/AC and in-unit washer and dryers, as well as dynamite floor plans flooded with natural light and views of the Los Angeles skyline (select units). Within walking distance of Cedars-Sinai Medical Complex and the high- end dining and nightlife on West 3rd Street and Beverly Blvd., this rare value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.