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$ 1,995,000
Est. payment | /mo
8 Beds
5,296 SqFt
$ 1,995,000
Est. payment | /mo
8 Beds
5,296 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 5,296 sqft
Price per Sqft $376
MLS Listing ID CL25605289
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 6,502 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
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, 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, Th
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5526042003

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Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447






