Multifamily
1033 S Curson Ave
1033 S Curson Ave, Los Angeles, CA 90019
Listing Price: $1,875,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 1033 South Curson Avenue. The subject property is located just north of San Vicente Boulevard within the desirable Mid-City sub-market.
Situated on a 5,499 square foot parcel, the property is comprised of three two-bedroom units and two one-bedroom units. Two of the two-bedroom units will be delivered vacant, allowing new ownership to immediately re-tenant the units and achieve market rental rates. The property has 37% remaining rental upside through unit renovations.
The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 1033 South Curson Avenue an excellent acquisition opportunity.
1033 S Curson Ave
Investment Highlights
- Two Units Will be Delivered Vacant with 37 Percent Remaining Rental Upside
- The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership Which Saves a New Investor Substantially in Capital and Time
- Property is Located in an Excellent Central Location Minutes from Various Retail & the Grove Allowing Access to Premium Shopping & Entertainment. With a Walk Score of 89 'Very Walkable'
- Long Term Ownership, Family Owned and Operated. First Time on the Market in Over 39 Years
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
Exclusively Listed By
Financing By
Listing Price: $1,875,000
Investment Highlights
- Two Units Will be Delivered Vacant with 37 Percent Remaining Rental Upside
- The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership Which Saves a New Investor Substantially in Capital and Time
- Property is Located in an Excellent Central Location Minutes from Various Retail & the Grove Allowing Access to Premium Shopping & Entertainment. With a Walk Score of 89 'Very Walkable'
- Long Term Ownership, Family Owned and Operated. First Time on the Market in Over 39 Years
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 1033 South Curson Avenue. The subject property is located just north of San Vicente Boulevard within the desirable Mid-City sub-market. Situated on a 5,499 square foot parcel, the property is comprised of three two-bedroom units and two one-bedroom units. Two of the two-bedroom units will be delivered vacant, allowing new ownership to immediately re-tenant the units and achieve market rental rates. The property has 37% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 1033 South Curson Avenue an excellent acquisition opportunity.
Exclusively Listed By
Financing By
