Property listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian 310-425-9838
$5,600,000
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,… Read More 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. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
10,732
Lot Size
0.2 Acres
Year Built
1928
MLS Number
26644269
Additional Details
Appliances & Equipment
Microwave
Building
Built in 1928, Living area: 10732.0, 1 building, Levels: MultiSplit
Heating
WallFurnace
Income
Gross Income: $492,340, Net Operating Income: $336,479
Interior Features
CeilingFans
Lot
0.1998 acres, Dimensions: 60x145
Parking
None
Taxes
Parcel Number: 5550029021, Zoning: LAR3
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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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