Lava Properties LLC Acquires Multifamily Property In Prime Hollywood For $8.05M

Located in prime Hollywood, the multifamily property at 1300-1308 N Curson Ave has been sold for a price of $8,057,000. The property consists of 20 units, with a total square footage of 17,124. The price per square foot for this transaction was $470.51, and the price per unit was $402,850. The property is just two blocks away from Sunset Blvd, offering a convenient location in the heart of Hollywood. Some notable features of the property include two units that were delivered vacant at the close of escrow, washer and dryer units in select units, and on-site laundry and parking facilities.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,057,000
• Square Footage: 17,124
• Price per Square Foot: $470.51
• Number of Units: 20
• Price per Unit: $402,850

The buyer for this transaction was Lava Properties LLC. The deal was facilitated by Sam Liberow and Matt Ziegler, representing the buyer as brokers. The property's prime location in Hollywood, along with its attractive features such as the vacant units and on-site laundry facilities, make it a desirable investment opportunity in the thriving Hollywood market.