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Multifamily

1828 S Curson Ave

1828 S Curson Ave, Los Angeles, CA 90019

Listing Price: $1,600,000

Cap Rate
4.57%
Number of Units
3
GRM
15.07
Occupancy
3.0%
Price/Unit
$533,333
Price/Gross SF
$538.00
Gross SF
2,974

Investment Overview

Diverse Unit Mix
This property boasts a large 3+3 SFR, a 2+1, and a 1+1, attracting a broad range of tenants, reducing vacancy rates and ensuring stable cash flow. While the two smaller units were built in 1928, the 3+3 house was added to the property in 2008, making this investment even more attractive. This diversity allows for flexible leasing strategies and optimizes rental income, balancing higher rents from larger units with affordable options for the smaller units.

ADU Potential
The SFR located at the back of the property currently has a 1-car garage built into the structure on the bottom floor. Considering the unit will be delivered vacant, this presents an incredible opportunity to convert the space into an ADU, which could increase the income potential for the property as a whole.

Unlocked Value-Add
The property will be delivered with 3 vacant units at the close of escrow. Investors will have the opportunity to renovate the units to their liking upon close of escrow and achieve the highest rents the market will bear.

Generous Parking
The property has ample parking, with the 3+3 SFR having its own private 1-car garage. There are also garage and open spaces for the other two units.

Convenient Amenities
Garage parking, on-site & in-unit washer and dryer, and gated entrance all add to the allure of this property. The house is equipped with central air & heat, while the front units have a mini split system. All of these amenities pair with beautifully manicured landscaping or to have other members (such as parents or grown children) live next door to you.

Prop 33 Hedge
Since this property will be delivered vacant, a savvy buyer can protect themselves against the looming Prop 33 by renting the units at market rates, avoiding the risk of being tied to potential rent caps with low-paying tenants.

No Seismic Retrofitting Requirements
This property is not currently on the city’s soft story seismic retrofitting program. This is a huge benefit to the buyer as doing the retrofitting work can be extremely costly and time-consuming.

Investment Highlights

  • Diverse Unit Mix
  • ADU Potential
  • Unlocked Value-Add
  • Generous Parking
  • Convenient Amenities
  • Prop 33 Hedge
  • No Seismic Retrofitting Requirements

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

Multifamily

1828 S Curson Ave

Listing Price: $1,600,000

Cap Rate
4.57%
Number of Units
3
GRM
15.07
Occupancy
3.0%
Price/Unit
$533,333
Price/Gross SF
$538.00
Gross SF
2,974

Investment Highlights

  • Diverse Unit Mix
  • ADU Potential
  • Unlocked Value-Add
  • Generous Parking
  • Convenient Amenities
  • Prop 33 Hedge
  • No Seismic Retrofitting Requirements

Investment Overview

Diverse Unit Mix This property boasts a large 3+3 SFR, a 2+1, and a 1+1, attracting a broad range of tenants, reducing vacancy rates and ensuring stable cash flow. While the two smaller units were built in 1928, the 3+3 house was added to the property in 2008, making this investment even more attractive. This diversity allows for flexible leasing strategies and optimizes rental income, balancing higher rents from larger units with affordable options for the smaller units. ADU Potential The SFR located at the back of the property currently has a 1-car garage built into the structure on the bottom floor. Considering the unit will be delivered vacant, this presents an incredible opportunity to convert the space into an ADU, which could increase the income potential for the property as a whole. Unlocked Value-Add The property will be delivered with 3 vacant units at the close of escrow. Investors will have the opportunity to renovate the units to their liking upon close of escrow and achieve the highest rents the market will bear. Generous Parking The property has ample parking, with the 3+3 SFR having its own private 1-car garage. There are also garage and open spaces for the other two units. Convenient Amenities Garage parking, on-site & in-unit washer and dryer, and gated entrance all add to the allure of this property. The house is equipped with central air & heat, while the front units have a mini split system. All of these amenities pair with beautifully manicured landscaping or to have other members (such as parents or grown children) live next door to you. Prop 33 Hedge Since this property will be delivered vacant, a savvy buyer can protect themselves against the looming Prop 33 by renting the units at market rates, avoiding the risk of being tied to potential rent caps with low-paying tenants. No Seismic Retrofitting Requirements This property is not currently on the city’s soft story seismic retrofitting program. This is a huge benefit to the buyer as doing the retrofitting work can be extremely costly and time-consuming.

Exclusively Listed By

  • Sam Liberow

    Senior Managing Director Investments

    (818) 212-2795

    Email Sam

    License(s): CA: 01933858, CA: 02031850

    Encino

Financing By

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