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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.Unit 8 is currently owner occupied & not generating any rent. Owner will be moving out on or before close of escrow. Upon leasing of unit 8 (2BD,2BA, ~950sqft), immediate realized Pro Forma is $3.100-$3,400/month, making the pro forma GOI: $217,672 - expenses= NOI: $182,057. Cap rate 5.68%. Please contact Bryan Hogge for all financial analysis questions. Bryan Hogge's direct number is (925) 437-8181.
| DAYS ON MARKET | 111 | LAST UPDATED | 9/8/2025 |
|---|---|---|---|
| TRACT | Not Applicable | YEAR BUILT | 1956 |
| COMMUNITY | C19 - Beverly Center-Miracle Mile | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Refrigerator |
| AREA | C19 - Beverly Center-Miracle Mile |
| EXTERIOR | Balcony, Lighting, Rain Gutters |
| HEAT | Wall Furnace |
| INTERIOR | Open Floorplan |
| LOT | 7505 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Carport, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Not Applicable |
| VIEW | Yes |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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