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$ 1,995,000
Est. payment /mo
New
357 N Curson AVE Los Angeles, CA 90036
8 Beds
4 Baths
5,296 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,296 sqft
Price per Sqft $376
MLS Listing ID 25605289
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 6,503 Sqft
Property Description
357359 N Curson Avenue, an extensively upgraded and well maintained Spanish-style 4-plex located in the highly desirable Beverly/Fairfax Historic District of Los Angeles. Upgrades include reinforced and strapped posts and girders throughout the foundation, ~90% copper plumbing (2022), new ABS drain and sewer lines, automatic gas shut-off valves, updated electrical panels (50 amps per unit), central air and heat for all units, some dual-paned windows, additional attic support beams, and a new roof (2023). The building totals 5,296 square feet on a 6,500 square foot lot and features four oversized 2+1 units averaging 1,324 square feet each. Every unit offers a desirable two-bedroom, one-bathroom layout with dual entrances. Each unit has its own private laundry room with washer/dryer and individual water heaters, and the units are separately metered for gas and electricity. At the rear of the property, residents benefit from five single car garage parking spaces, a highly sought-after amenity in this dense and walkable neighborhood. Priced at $1,995,000, this offering equates to $498,750 per unit, $376.70 per square foot, and provides investors with a 5.46% cap rate on current income and a 12.70 GRM.357359 N Curson Avenue is ideally located within walking distance to Erewhon, The Grove, LACMA, The Beverly Center and Pan Pacific Park. The property offers residents direct access to top dining, shopping, cultural attractions, and outdoor recreation. The central location also provides convenient connectivity to Beverly Hills, West Hollywood, and the greater Westside, ensuring consistent tenant demand and long-term value appreciation.With its blend of historic charm, large floor plans, extensive upgrades, and a highly walkable Beverly/Fairfax location, 357-359 N Curson Avenue presents investors with a great opportunity to acquire a stabilized, cash-flowing property in one of Los Angeles' most dynamic rental markets.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Total Parking Spaces 5
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5526042003
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.
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