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- LoopNet Team
112 S Croft Ave
Los Angeles, CA 90048
112 S. Croft Avenue · Land For Sale
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0.17 ac
INVESTMENT HIGHLIGHTS
- Prime Beverly Grove Location - Right Across from the Beverly Center
- Blank Canvas: Multiple Strategies to Maximize Value
- Maximum of Twenty-Two (22) Units can be Added Utilizing CHIPS Program
- Steps Away from Cedars-Sinai Medical Center, Beverly Connection Shopping Mall, Farmer's Market, and The Grove
- No History of Tenancy, No Replacement Component (Buyer to Verify)
- Very Rare Beverly Grove Development Offering
PROPERTY FACTS
DESCRIPTION
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 TAXES
| Parcel Number | 5511-014-005 | Improvements Assessment | £1,299,885 |
| Land Assessment | £866,589 | Total Assessment | £2,166,474 |
PROPERTY TAXES
