1016 N Curson Avenue , #7

    West Hollywood, CA 90046
    • $3,995,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 19505250
    UPDATED: 113 min ago
    $3,995,000
    • 10
      BEDS
    • 0.15
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 8,368
      SQFT
    • $477
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The Curson Apartments is a 1960's construction two-story apartment building located just south of Santa Monica Boulevard. The property boasts a Walk Score of 95 which is considered a Walker's Paradise. The unit mix consists of eight large one-bedroom apartments with one-bathroom and two large two-bedroom apartments with two-bathrooms. An opportunity for a new owner to increase the income is to lease the currently vacant downstairs of unit 5 as storage or potentially for another use. In addition, this space could possibly be used as an office for a new owner as it still has a bathroom and is configured as a one-bedroom apartment with a separate entrance from the rear. There is another storage area in the garage that could be leased. The current owner has made substantial upgrades to the property. The property does not require soft story retrofitting but the buyer should verify with the City of West Hollywood.

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    Based on information from CARETS as of 2019-09-22T23:45:45.14. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98476736

    1016 N Curson Avenue , #7 West Hollywood, CA 90046

    • Price: $3,995,000
    • Status: Active
    • Updated: 113 min ago
    • ID#: 19505250
    10
    Beds
    12
    Baths
    0
    ½ Baths
    0.15
    Acres
    8,368
    SQFT
    $477
    $/SQFT
    1964
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    The Curson Apartments is a 1960's construction two-story apartment building located just south of Santa Monica Boulevard. The property boasts a Walk Score of 95 which is considered a Walker's Paradise. The unit mix consists of eight large one-bedroom apartments with one-bathroom and two large two-bedroom apartments with two-bathrooms. An opportunity for a new owner to increase the income is to lease the currently vacant downstairs of unit 5 as storage or potentially for another use. In addition, this space could possibly be used as an office for a new owner as it still has a bathroom and is configured as a one-bedroom apartment with a separate entrance from the rear. There is another storage area in the garage that could be leased. The current owner has made substantial upgrades to the property. The property does not require soft story retrofitting but the buyer should verify with the City of West Hollywood.
    Exterior Features

    Parking Spaces Total 10 Parking Type Underground

    Interior Features

    Appliances Refrigerator Cooking Appliances MicrowaveRange Cooling Type Ceiling Fan(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 232748.00 Assessed Improvement Value 789512.00 Assessed Land Value 205137.00 Cap Rate 3.81 Country United States Of America Expense Total Annual 80682.00 Gross Operating Income 230748.00 Gross Rent Multiplier 16.66 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Vendor Enhanced Net Operating Income 152144.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1852.00 Unit Monthly Rent02 2208.00 Unit Projected Total Monthly Rent01 19950.00 Unit Projected Total Monthly Rent02 5600.00 Unit Total Monthly Rent01 14813.00 Unit Total Monthly Rent02 4416.00 Unit Type01 8 Unit Type02 2 Units Total In Complex 10 Zoning Wdr3c*

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Berkadia.


    Based on information from CARETS as of 2019-09-22T23:45:45.14. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361