112 S Croft Avenue
Los Angeles, CA 90048
0.17 acres | #25554171
Description
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.
Property Details
- CountyLos Angeles
- Original List Price$2,695,000
- Property TypePurchase
- MLS #25554171
- MLS #25554171
- Cost2695000
- Acres0.1721
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jason Tuvia (#CLW-X92444)
Listing Office: Marcus & Millichap (#CLW-X75151)
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