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
30 years
10 years
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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