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Vacant on R3 Land TOC 2 Steps to Melrose Pl. 745 N Croft Ave
2 Unit Apartment Building $2,695,000 USD ($1,347,500 USD/Unit) Los Angeles, CA 90069
Investment Highlights
- Ideally located in the heart of LA’s Westside just steps away from famed Melrose Place
- Existing improvements consist of a VACANT duplex
- Incredible location close to the Beverly Center, the Grove, the Sunset Strip, and the Hollywood Hills
- Existing improvements consist of a VACANT duplex
- Current rent/SF of rentals in the immediate area exceed $6.00
Executive Summary
HUGE PRICE REDUCTION! Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & InvestmentRealty, is pleased to present a prestigious development opportunity located in a premier area of the Westside. 745 N Croft Avenue is a VACANT duplex which boasts close proximity to Melrose Place, known for its high-end retail and incredible dining establishments. Favorably zoned (Q)R3-1, the site allows for a range of uses utilizing California’s recently adopted new housing laws intended to ease multifamily development including reduced parking requirements and allowance of accessory dwelling units (ADUs) on certain sites. Also zoned TOC 2, this exceptional and rare opportunity offers a buyer a range of attractive redevelopment options in the thriving West Hollywood adjacent market.
Property Facts
Unit Amenities
- Air Conditioning
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (94)
zoning
Zoning Code | LAR3 (Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
LAR3 (Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
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Vacant on R3 Land TOC 2 Steps to Melrose Pl. | 745 N Croft Ave
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