357 - 359 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,… Read More 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 nearby 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
42
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,296
Lot Size
0.15 Acres
Year Built
1929
MLS Number
25605289
30 Days Snapshot Of 90036
$2.18M
+7%
(avg) sold price
11
+83%
homes sold
92
+12%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
5,296 sq ft, Built in 1929, Levels: Multi/Split, Attached
Cooling
Central
Disclosures
None
Garage
5 total garage spaces, Garage
Heating
Central
Laundry
In Unit
Lot
LotAcreage: 0.1493, LotSizeArea: 6,502
Parking
TotalParking: 5
Property
NumberOfUnits: 4, Zoning: LARD1.5
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