122 North Croft Avenue

Los Angeles CA 90048

7507 sq. ft.

Multi-Family

Last sold for $3,200,000

Maya Lazich, last sold this property on 31 December 2025 after 118 days on market.

Overview

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.

Features

4 bedrooms

4 bathrooms

7507 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 4 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 122 North Croft Avenue

2025

Sold

$3,200,000

31 Dec 2025 by Maya Lazich, of Corcoran Icon Properties

Happy sellers in Los Angeles

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