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Multifamily

860 S Curson Ave

860 S Curson Ave, Los Angeles, CA 90036

Listing Price: $1,850,000

Cap Rate
3.27%
Number of Units
2
Price/Unit
$925,000
Price/Gross SF
$476.07
Gross SF
3,886

Investment Overview

We are pleased to present 860 S Curson Ave, a charming, Spanish style duplex located in the Miracle Mile area. The subject property is being delivered 100% vacant, perfect for an owner-user to live in one unit and rent out the other to help offset the mortgage, or an investor looking for a property in an excellent location for long-term appreciation. 860 S Curson Ave was built in 1927 and is situated on a 7,016 SF lot. The two-story structure offers 3,886 rentable square feet and consists of two (2) large three-bedroom, two-bathroom units. The two units have had minor upgrades over the years but remain in mostly original condition (please see photos). There is both garage and surface parking available near the rear of the lot, offering plenty of space for both tenants and guests alike. Additionally, there is a sizeable lounge/ courtyard area next to the garages in the back, offering an astute investor the opportunity to possibly repurpose the area to build an ADU to generate additional income (buyer to verify). The property is located on a prime street in Miracle Mile (Walk Score 87) and offers immediate access to the neighboring communities of Beverly Hills, Koreatown, and WeHo. The proximity to world-class venues such as The Grove & Farmer’s Market makes this an ideal investment for an apartment operator seeking a stable investment opportunity along with long term wealth preservation and appreciation.

Investment Highlights

  • Large Units Each unit is three-bedrooms and two-bathrooms and boasts over 1,900 square feet of living space.
  • Owner-User Opportunity This property is prefect for an owner-user as it is being delivered vacant at the close of escrow.
  • Potential to Add ADU At the rear of the property there is plenty of open space being currently used as parking and a lounge area that may be used to add an ADU to the property (buyer to verify).
  • Unlocked Value-Add The property will be delivered 100% vacant at the close of escrow. Investors will have the opportunity to renovate the units upon close of escrow and achieve market rents upon completion of unit and property renovations.
  • Tons of Parking There is ample garage and surface parking in the rear of the property. Since the parking is not underneath the structure, there is no seismic soft-story retrofit, allowing first time buyers to avoid a costly capital expense.

Exclusively Listed By

Financing By

Multifamily

860 S Curson Ave

Listing Price: $1,850,000

Cap Rate
3.27%
Number of Units
2
Price/Unit
$925,000
Price/Gross SF
$476.07
Gross SF
3,886

Investment Highlights

  • Large Units Each unit is three-bedrooms and two-bathrooms and boasts over 1,900 square feet of living space.
  • Owner-User Opportunity This property is prefect for an owner-user as it is being delivered vacant at the close of escrow.
  • Potential to Add ADU At the rear of the property there is plenty of open space being currently used as parking and a lounge area that may be used to add an ADU to the property (buyer to verify).
  • Unlocked Value-Add The property will be delivered 100% vacant at the close of escrow. Investors will have the opportunity to renovate the units upon close of escrow and achieve market rents upon completion of unit and property renovations.
  • Tons of Parking There is ample garage and surface parking in the rear of the property. Since the parking is not underneath the structure, there is no seismic soft-story retrofit, allowing first time buyers to avoid a costly capital expense.

Investment Overview

We are pleased to present 860 S Curson Ave, a charming, Spanish style duplex located in the Miracle Mile area. The subject property is being delivered 100% vacant, perfect for an owner-user to live in one unit and rent out the other to help offset the mortgage, or an investor looking for a property in an excellent location for long-term appreciation. 860 S Curson Ave was built in 1927 and is situated on a 7,016 SF lot. The two-story structure offers 3,886 rentable square feet and consists of two (2) large three-bedroom, two-bathroom units. The two units have had minor upgrades over the years but remain in mostly original condition (please see photos). There is both garage and surface parking available near the rear of the lot, offering plenty of space for both tenants and guests alike. Additionally, there is a sizeable lounge/ courtyard area next to the garages in the back, offering an astute investor the opportunity to possibly repurpose the area to build an ADU to generate additional income (buyer to verify). The property is located on a prime street in Miracle Mile (Walk Score 87) and offers immediate access to the neighboring communities of Beverly Hills, Koreatown, and WeHo. The proximity to world-class venues such as The Grove & Farmer’s Market makes this an ideal investment for an apartment operator seeking a stable investment opportunity along with long term wealth preservation and appreciation.

Exclusively Listed By

Financing By

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