1200 N Curson Ave
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1200 N Curson Ave
10 Unit Apartment Building $2,550,000 ($255,000/Unit) 2.96% Cap Rate Los Angeles, CA 90046
Investment Highlights
- Excellent Unit Mix Offering (6) One-Bedroom and (4) Two-Bedroom Units!
- Close Proximity to Shopping, Dining & Entertainment on Hollywood Boulevard!
- Walkscore.com Rates 1200 N. Curson Avenue a Walker’s Paradise; Daily Errands do not Require a Car!
- More than 75% Rental Upside!
- Desirable West Hollywood Location Near Downtown LA, Beverly Hills, and Century City Business Centers!
Executive Summary
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 1200 N. Curson Avenue, a 10-unit multifamily apartment building located in the highly desirable 90046 zipcode of West Hollywood.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,550,000 | Apartment Style | Low Rise |
| Price Per Unit | $255,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 2.96% | Building Size | 7,222 SF |
| Gross Rent Multiplier | 17.08 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,550,000 |
| Price Per Unit | $255,000 |
| Sale Type | Investment |
| Cap Rate | 2.96% |
| Gross Rent Multiplier | 17.08 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,222 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.96/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 720 |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5530-006-012 | Total Assessment | $2,546,899 (2024) |
| Land Assessment | $1,591,812 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $955,087 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5530-006-012
Land Assessment
$1,591,812 (2024)
Improvements Assessment
$955,087 (2024)
Total Assessment
$2,546,899 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | WDR2* |
| WDR2* |
-
Tony Azzi -
Rabbie Banafsheha -
Marcus & Millichap
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1200 N Curson Ave
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