1439 N Curson Ave - Apartments FOR SALE


Los Angeles, CA 90046- Hollywood
$5,600,000 USD
916-996-4421
1439 N Curson Ave, Los Angeles, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/24
null | 6.03% Cap Rate

1439 N Curson Ave
Los Angeles, CA 90046
Hollywood


OVERVIEW

1439 N Curson Ave is a 20-unit multifamily investment located in the heart of Hollywood, near the West Hollywood border, offering stabilized in-place cash flow with a clear path to yield expansion through mark-to-market rent growth. Built in 1928, the 10,732-square-foot building sits on an 8,712-square-foot lot and features a highly efficient unit mix of (16) studios and (4) one-bedroom / one-bath units, supporting broad renter appeal and operational simplicity.The property is 100% occupied and 19 of 20 units have been renovated, providing a turn-key ownership profile with limited deferred maintenance and reduced execution risk. While the asset is subject to rent control, in-place rents trail current market levels, creating a defined opportunity to capture rental upside over time through natural turnover and systematic rent optimization. Additional income is generated through RUBS, laundry, and other income streams, enhancing effective gross income and long-term cash flow durability.Offered at $5,600,000 ($280,000 per unit / $521.80 per square foot), the asset currently operates at a 6.03% cap rate and 12.20 GRM, with pro forma performance reflecting a 7.12% cap rate and 10.67 GRM. The investment presents a compelling opportunity to acquire a largely renovated, stabilized Hollywood multifamily asset with durable income, defined upside, and long-term hold appeal.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$522 USD /SF

# OF UNITS

20

PRICE/UNIT

$280,000

CAP RATE

6.03%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Curson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAR3

APN/PARCEL ID

5550-029-021

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.