$ 1,600,000
1828 S Curson AVE Los Angeles, CA 90019
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 1,600,000
Est. payment /mo
New
1828 S Curson AVE Los Angeles, CA 90019
6 Beds
5 Baths
2,974 SqFt
UPDATED:
10/25/2024 06:18 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,974 sqft
Price per Sqft $537
MLS Listing ID 24456551
Bedrooms 6
HOA Y/N No
Year Built 1928
Lot Size 5,749 Sqft
Acres 0.132
Property Description
This property features a diverse unit mix, including a spacious 3-bedroom, 3-bathroom single-family residence (SFR), a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. The varied unit sizes attract a wide range of tenants, helping to reduce vacancy rates and maintain stable cash flow. The 3+3 SFR, built in 2008, complements the two smaller units from 1928, allowing for flexible leasing strategies that balance higher rental income from the larger unit with more affordable options for the smaller units. Additionally, the SFR offers ADU conversion potential with a 1-car garage, providing an opportunity to further increase rental income. The property will be delivered with three vacant units, offering investors a value-add opportunity to renovate and achieve market-rate rents. Generous parking options include a private garage for the 3+3 SFR and additional garage and open spaces for the other units. Key amenities such as in-unit and on-site washer and dryer, central air and heat, a gated entrance, and manicured landscaping enhance tenant appeal. The vacant status of the property allows investors to hedge against potential rent control measures like Prop 33 by leasing at market rates. Moreover, the property is not subject to costly seismic retrofitting requirements, making it a more attractive investment opportunity.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5064015014
Special Listing Condition Standard
Listed by Saadia 'Sam' Liberow • Marcus & Millichap