2910 S Curson Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,325,000 USD
310-406-9110
2910 S Curson Ave, Los Angeles, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/11
null | 5.04% Cap Rate

2910 S Curson Ave
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • (6) 2+1 Units with +/- 54% Upside in Rents
  • Excellent West Adams Area Surrounded by Major Employer & Adjacent to the Metro Line
  • Cap Rate: 5.04% | GRM: 11.23

OVERVIEW

2910 S Curson Avenue is a well maintained six unit apartment building located in a supply constrained pocket of Mid City Los Angeles. Built in 1956, the property totals 5,084 square feet on a 7,160 SF lot, offering an efficient unit mix of six spacious 2-bedroom/1-bath units, each approximately 825 SF. The building provides six covered carport parking spaces, a valuable amenity in this dense central Los Angeles submarket. Current operations reflect stable tenancy with significant embedded upside. Market rents support 54% rental upside across all units. Pro forma income reaches $180,000 annually, driving a projected 9.72% cap rate and 7.36 GRM at market rents. The property sits within a Tier 3 Transit-Oriented Communities (TOC) zone, offering meaningful density and incentive potential for future redevelopment. Additionally, the site is located in a federally designated Opportunity Zone, creating long-term tax-advantaged investment pathways for both value-add and redevelopment strategies. With its central location, covered parking, large floor plans, and significant mark to market potential combined with its Tier 3 TOC and Opportunity Zonedesignations2910 S Curson Avenue represents a compelling value add or long term strategic redevelopment opportunity in one of Los Angeles' most consistently demanded rental corridors. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

6

PRICE/UNIT

$220,833

CAP RATE

5.04%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,166 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5048-019-030

ASK ABOUT THIS PROPERTY

Tim SteuernolNAI CapitalMore Info
310-406-9110

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Tim SteuernolNAI CapitalMore Info
310-406-9110

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