357 N Curson Ave - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park
$1,995,000 USD
310-494-6368
357 N Curson Ave, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/46
null | 5.46% Cap Rate

357 N Curson Ave
Los Angeles, CA 90036
Hancock Park


HIGHLIGHTS

  • Extensively upgraded Spanish 4-plex in the Beverly/Fairfax Historic District. Separately metered for gas and electricity.
  • Each unit has 2 bedrooms & 1 bathroom, averaging 1,324 SF and has dual entrances in the rear.
  • Each unit has an in-unit washer & dryer and individual water heater. Property has five single car garages in the back of the lot.
  • Low maintenance & drought resistant landscaping.
  • Recent capital improvements: reinforced & strapped posts and girders, some dual glazed windows, a new roof, central HVAC in all units.
  • Highly walkable location near Erewhon, The Grove, LACMA, The Beverly Center, Pan Pacific Park & plenty of dining and entertainment options in Fairfax.

OVERVIEW

The Glaser Group is pleased to present 357–359 N Curson Avenue, an extensively upgraded and well maintained Spanish-style 4-plex located in the highly desirable Beverly/Fairfax Historic District of Los Angeles. Upgrades include reinforced and strapped posts and girders throughout the foundation, ~90% copper plumbing (2022), new ABS drain and sewer lines, automatic gas shut-off valves, updated electrical panels (50 amps per unit), central air and heat for all units, some dual-paned windows, additional attic support beams, and a new roof (2023). The building totals 5,296 square feet on a 6,500 square foot lot and features four oversized 2+1 units averaging 1,324 square feet each. Every unit offers a desirable two-bedroom, one-bathroom layout with dual entrances. Each unit has its own private laundry room with washer/dryer and individual water heaters, and the units are separately metered for gas and electricity. At the rear of the property, residents benefit from five single car garage parking spaces, a highly sought-after amenity in this dense and walkable neighborhood. Priced at $1,995,000, this offering equates to $498,750 per unit, $376.70 per square foot, and provides investors with a 5.46% cap rate on current income and a 12.70 GRM. 357–359 N Curson Avenue is ideally located within walking distance to Erewhon, The Grove, LACMA, The Beverly Center and Pan Pacific Park. The property offers residents direct access to top dining, shopping, cultural attractions, and outdoor recreation. The central location also provides convenient connectivity to Beverly Hills, West Hollywood, and the greater Westside, ensuring consistent tenant demand and long-term value appreciation. With its blend of historic charm, large floor plans, extensive upgrades, and a highly walkable Beverly/Fairfax location, 357–359 N Curson Avenue presents investors with a great opportunity to acquire a stabilized, cash-flowing property in one of Los Angeles’ most dynamic rental markets.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

4

PRICE/UNIT

$498,750

CAP RATE

5.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

357-359 N Curson Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5526-042-003

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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