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20 units Hollywood/Weho | 1439 N Curson

20 units Hollywood/Weho | 1439 N Curson
FOR SALE

$5,850,000

1439 North Curson Avenue, Los Angeles, CA 90046

10,732 SF

Square Feet

$545

PPSF

Property Description

Curson Apartments is a twenty-unit apartment community built in 1928. The two-property is comprised of sixteen (16) studio units and four (4) one-bedroom units. Units are in turn-key condition with 19 of the 20 units recently renovated featuring stainless steel appliances, quartz countertops, stainless chrome designer fixtures and hardware, new modern cabinetry and wood inspired flooring. Building amenities include gated and secured access points, an on-site laundry facility and a fully landscaped communal backyard. Just one block away from the border of West Hollywood and minutes away from Sunset Strip, Curson Apartments is near world-class shopping, dining and entertainment destinations. Hollywood has become the home for the blossoming tech and media industries and solidified itself as one of Southern California's top employment centers. Centrally located, Curson Apartments benefit from an outstanding transit-oriented location, as the Property is located proximate to the Metro Red Line Hollywood & Highland Station (1.0 mile away) and the 101 Freeway (2.5 miles away).


Property Details

Asset Type

MultiFamily

Year Built

1928

Neighborhood

Spaulding Square

Submarket

Los Angeles

ZIP

90046

Renovated

2019

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$332,784

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$27,732

Annual Debt Service

$332,784

View on Map

Address

1439 North Curson Avenue

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Taylor Avakian
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Taylor Avakian

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Taylor Avakian
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Taylor Avakian

First Vice President

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