Curson Apartments 1439 N Curson Ave
20 Unit Apartment Building $5,850,000 ($292,500/Unit) 5.82% Cap Rate Los Angeles, CA 90046
INVESTMENT HIGHLIGHTS
- 19 out of 20 units have been upgraded
- Situated in the heart of Hollywood, just one block from West Hollywood and minutes from the Sunset Strip
- Gated & secured access, an on-site laundry facility, and a landscaped communal backyard
EXECUTIVE SUMMARY
1439 N Curson, a 20-unit apartment building constructed in 1928, stands on a historic corner of Hollywood, California. The property features six (16) studio units and four (4) one-bedroom units, with 19 of them recently renovated. These upgraded units boast stainless steel appliances, quartz countertops, contemporary cabinetry, and stylish finishes, providing tenants with a move-in-ready experience.
Located just one block from West Hollywood and minutes from the Sunset Strip, this building is surrounded by some of Los Angeles’ best dining, shopping, and entertainment destinations. Its prime location attracts renters seeking convenience and access to the city’s vibrant lifestyle while being near major employment hubs.
Hollywood has established itself as a key hub for the tech and media industries, driving demand for housing in the area. With a strong rental market and continued growth, 1439 N Curson offers investors a valuable opportunity to own an income-generating property in a highly desirable neighborhood.
Located just one block from West Hollywood and minutes from the Sunset Strip, this building is surrounded by some of Los Angeles’ best dining, shopping, and entertainment destinations. Its prime location attracts renters seeking convenience and access to the city’s vibrant lifestyle while being near major employment hubs.
Hollywood has established itself as a key hub for the tech and media industries, driving demand for housing in the area. With a strong rental market and continued growth, 1439 N Curson offers investors a valuable opportunity to own an income-generating property in a highly desirable neighborhood.
PROPERTY FACTS
| Price | $5,850,000 |
| Price Per Unit | $292,500 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Gross Rent Multiplier | 11.98 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,732 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2005 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Hardwood Floors
- Refrigerator
- Yard
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | 400 |
| 1+1 | 4 | - | 875 |
1 of 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5550-029-021 | Improvements Assessment | $1,394,398 |
| Land Assessment | $4,127,418 | Total Assessment | $5,521,816 |
ZONING
| Zoning Code | LAR3 |
