Multifamily

1200 N Curson Ave

1200 N Curson Ave, West Hollywood, CA 90046

Listing Price: $2,695,000

Cap Rate
2.89%
Number of Units
10
Price/Unit
$269,500
Price/Gross SF
$373.17
Gross SF
7,222

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1200 North Curson Avenue, a ten-unit multifamily investment opportunity located in the supply constrained city of West Hollywood. The property features 7,222 square feet of gross rentable area, situated on a 5,119 square foot corner lot. The ten-unit building is composed of six one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The building is well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Gardner Street to the east and Spaulding Avenue to the west. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1200 North Curson Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1200 North Curson Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of Los Angeles’ trendiest neighborhoods.

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 100% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Property Includes On-Site Parking and Laundry Facilities for Tenants.
  • Property is Situated on a 5,119-Square Foot Corner Lot.
  • Walkscore.com Rates 1200 North Curson Avenue Very Walkable: Most Errands can be Accomplished on Foot.
  • Supply Constrained 90046 Zip Code!

Exclusively Listed By

Listing Price: $2,695,000

Cap Rate
2.89%
Number of Units
10
Price/Unit
$269,500
Price/Gross SF
$373.17
Gross SF
7,222

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 100% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Property Includes On-Site Parking and Laundry Facilities for Tenants.
  • Property is Situated on a 5,119-Square Foot Corner Lot.
  • Walkscore.com Rates 1200 North Curson Avenue Very Walkable: Most Errands can be Accomplished on Foot.
  • Supply Constrained 90046 Zip Code!

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1200 North Curson Avenue, a ten-unit multifamily investment opportunity located in the supply constrained city of West Hollywood. The property features 7,222 square feet of gross rentable area, situated on a 5,119 square foot corner lot. The ten-unit building is composed of six one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The building is well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Gardner Street to the east and Spaulding Avenue to the west. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1200 North Curson Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1200 North Curson Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of Los Angeles’ trendiest neighborhoods.

Exclusively Listed By

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