1439 N Curson Ave
LOS ANGELES, CA 90046

Property

Ownership: For Sale
Bedrooms: 8 BR
Bathrooms: 20
Area: 8704 sq ft
Lot Size: 0.20 Acres

Financials

Price:$5,600,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

1439 N Curson Ave 8BR Hollywood Hills East La

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 6.01% 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.

Neighborhood

More listings:

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.