1439 N Curson Ave - Apartments FOR SALE


Los Angeles, CA 90046- Hollywood
$5,450,000 USD
310-621-8221
1439 N Curson Ave, Los Angeles, CA for Sale
$5,450,000 USD
Apartments - FOR SALE
1/33
null | 6% Cap Rate

1439 N Curson Ave
Los Angeles, CA 90046
Hollywood


HIGHLIGHTS

  • 20 Units in West Hollywood Area
  • 6.00% Cap Rate
  • Part of a 3-Property Portfolio

OVERVIEW

The La Trio Portfolio consists of 3 apartment buildings located in the East Hollywood, Hollywood, and Koreatown neighborhoods of Los Angeles. Curson and Willowbrook are of 1920’s vintage, with Manhattan constructed in the 1930’s. They have all been dramatically upgraded, both cosmetically and mechanically, with numerous upgrades including heavy renovations to the common areas and units upon vacancy. Willowbrook has 6 surface parking spaces in the rear and the other two properties have no on site parking. All three properties are subject to Los Angeles rent stabilization (rent control) and therefore have significant rental upside. Properties can be individually purchased or purchased in any combination.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$508 USD /SF

# OF UNITS

20

PRICE/UNIT

$272,500

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Curson Apartments-20 Units-Prime Hollywood

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

Brent SprenkleNorthmarqMore Info
310-621-8221

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

Brent SprenkleNorthmarqMore Info
310-621-8221

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