Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$1,995,000
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,… Read More 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.357359 N Curson Avenue is ideally located nearby 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. Read Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,296
Lot Size
0.15 Acres
Year Built
1929
MLS Number
25605289
30 Days Snapshot Of 90036
$2.41M
+10%
(avg) sold price
7
-36%
homes sold
98
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 5,296, Levels: MultiSplit, Living area: 5296, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Cooling
CentralAir
Garage
5 spaces
Heating
Central
Income
Gross income: $157,140, Net operating income: $108,892
Lot
0.1493 acres, 6,502 square feet, Size: 6,502
Parking
5 totals parking, Garage
Property
Zoning: LARD1.5
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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