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Curson Apartments 1439 N Curson Ave 20 Unit Apartment Building $5,450,000 ($272,500/Unit) 6% Cap Rate Los Angeles, CA 90046
Investment Highlights
- 20 Units in West Hollywood Area
- Part of a 3-Property Portfolio
- 6.00% Cap Rate
Executive Summary
The La Trio Portfolio consists of 3 apartment buildings located in the East Hollywood, Hollywood, and Koreatown neighborhoods of Los Angeles. Curson and Willowbrook are of 1920’s vintage, with Manhattan constructed in the 1930’s. They have all been dramatically upgraded, both cosmetically and mechanically, with numerous upgrades including heavy renovations to the common areas and units upon vacancy. Willowbrook has 6 surface parking spaces in the rear and the other two properties have no on site parking. All three properties are subject to Los Angeles rent stabilization (rent control) and therefore have significant rental upside. Properties can be individually purchased or purchased in any combination.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $5,450,000 | Property Subtype | Apartment |
| Price Per Unit | $272,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 11.09 | Building Size | 10,732 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2018 |
| Zoning | LAR3 | ||
| Price | $5,450,000 |
| Price Per Unit | $272,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11.09 |
| 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 |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2018 |
| Zoning | LAR3 |
Amenities
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 | $1,778 | 400 |
| 1+1 | 4 | $2,430 | 600 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5550-029-021 | Total Assessment | $5,632,251 |
| Land Assessment | $4,209,966 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,422,285 | Tax Year | 2025 |
Property Taxes
Parcel Number
5550-029-021
Land Assessment
$4,209,966
Improvements Assessment
$1,422,285
Total Assessment
$5,632,251
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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