Property Detail

Description

1439 N Curson Ave | 20-Unit Turn-Key Multifamily in Hollywood. Built in 1928 on an 8,712 SF LAR3 lot with 10,732 SF of improvements, this well-maintained asset features an efficient unit mix of (16) studios and (4) 1-bed/1-bath units. The property is 100% occupied with 19 of 20 units renovated, offering immediate in-place cash flow with clear upside through mark-to-market rent growth across the rent roll. Offered at $5,600,000 ($280,000/unit | $521.80/SF) with a 6.03% in-place cap rate and 7.12% pro forma cap rate, supported by additional income from RUBS, laundry, and other income streams. Centrally located near Sunset Boulevard and the Metro Red Line, the asset presents a compelling core-plus investment opportunity in a supply-constrained Hollywood submarket.