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112 South Croft Avenue

Los Angeles CA 90048

7496 sq. ft.
Land
Currently for sale - view listing

Overview

We are pleased to present a 7,495 square foot (SF) development site located at 112 South Croft Avenue in Los Angeles, California. The single lot is located in a prime Beverly Grove location, south of Beverly Boulevard and west of La Cienega Boulevard. Located in a very prime Beverly Grove neighborhood, this rare offering features one parcel of land totaling 7,495 SF. Zoned LAR3-1 with Tier 2 TOC benefits, the property presents a prime development opportunity just steps from iconic destinations like the Beverly Center. With no history of tenancy and no replacement requirements, this blank canvas allows for multiple strategic approaches to maximize potential value. Under the CHIPS program, developers can build up to 22 units, making this a high-potential site in one of Los Angeles' most dynamic urban hubs. Another great option for this site would be to build for sale townhomes which are selling in the neighborhood for over $900 per square foot. Just steps from the Beverly Center, Cedars-Sinai Medical Center, The Farmer's Market, and The Grove, this offering provides developers a very rare opportunity to acquire an LAR3-1 7,500 SF blank canvas lot with no history of tenancy in a market with the highest barriers to entry.

Features

7496 sq. ft. lot size
Land

Property history for 112 South Croft Avenue

2022
Sold
$2,750,000
01 Mar 2022 by Jason Tuvia, of Marcus & Millichap

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for land plots in Los Angeles

In the last 12 months, 1 land similar to 112 South Croft Avenue, have been sold.

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Sales:
(619) 566-0008
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