122 N Croft Avenue, Los Angeles, CA 90048
- $3,200,000
- Sold Price
- $3,200,000
- List Price
- $3,200,000
- Closing Date
- Dec 31, 2025
- Status
- CLOSED
- MLS#
- P1-23947
- Year Built
- 1956
- Lot Size
- 7,507
- Acres
- 0.17
- Lot Location
- Front Yard, Sprinklers On Side
- Days on Market
- 106
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
Property 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.
Additional Information
- Appliances
- Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Patio
- Balcony
- Roof
- Shingle
- Sewer
- Public Sewer
- Interior Features
- Balcony, Open Floorplan
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $218,316
- Operating Expense
- 42836
Listing courtesy of Listing Agent: Maya Lazich (maya.lazich@corcoranicon.com) from Listing Office: Corcoran Icon Properties.
Listing sold by CHRISTOPHER SINGLETON from PALMASTAR INC
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.