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Jeffrey Bullock
[email protected]$ 5,600,000
Est. payment /mo
New
1439 N Curson AVE Los Angeles, CA 90046
8 Beds
20 Baths
10,732 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,732 sqft
Price per Sqft $521
MLS Listing ID 26644269
Bedrooms 8
HOA Y/N No
Year Built 1928
Lot Size 8,703 Sqft
Property Description
1439 N Curson Ave | 20-Unit Turn-Key Multifamily in Hollywood. Built in 1928 on an 8,712 SF LAR3 lot with 10,732 SF of improvements, this well-maintained asset features an efficient unit mix of (16) studios and (4) 1-bed/1-bath units. The property is 100% occupied with 19 of 20 units renovated, offering immediate in-place cash flow with clear upside through mark-to-market rent growth across the rent roll. Offered at $5,600,000 ($280,000/unit | $521.80/SF) with a 6.03% in-place cap rate and 7.12% pro forma cap rate, supported by additional income from RUBS, laundry, and other income streams. Centrally located near Sunset Boulevard and the Metro Red Line, the asset presents a compelling core-plus investment opportunity in a supply-constrained Hollywood submarket.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Microwave
Exterior
Parking Features None
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5550029021
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.
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