438 N Curson Ave

06-06-2022
06-06-2022

438 N Curson Ave, Los Angeles, CA 90036

Property Description

Offered for sale for the first time in over 45 years, 438 North Curson Avenue is a four-unit investment opportunity located in the Fairfax District/Beverly Grove neighborhood, a densely populated rental submarket known for excellent rent growth and low vacancy rates. Additionally, one unit will be delivered vacant at the close of escrow allowing for an owner occupier potential. 438 North Curson Avenue consists of One (1) very large 2 Bedroom (Plus Den) / 1 Bathroom Unit and Three (3) large 2 bedroom/1 bath units. Each unit is separately metered for gas and electricity and has its own separate water heater. There are five 1-car garages. The property has a WALKSCORE OF 87 and is within proximity to The Grove and Farmer’s Market, La Brea Avenue and Melrose Avenue, all considered some LA’s most popular destinations for numerous retail and restaurant venues.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 2,295,000
No. of Units
4
Cap Rate
3.85%
GRM / GIM
17.8
Year Built
1929
Building Size
5,870 Sq ft
Lot Size
6500 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 573,750
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34.079366, -118.355201

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