1828 Curson Ave Los Angeles, CA 90019

Property Details for 1828 Curson Ave

Year built

1928

Property size

2,974 SF

Property type

Commercial real estate

APN

5064-015-014

Description

This exceptional multifamily investment opportunity in Los Angeles's Mid-City (90019) presents a rare chance to acquire a three-unit property with significant upside potential. The property, situated on a 5,750 square foot lot, comprises a 3-bedroom, 3-bathroom single-family residence (built 2008), a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit (both built 1928), totaling 2,974 square feet. All three units are currently vacant, allowing a new owner complete control over renovations and lease terms. The asking price is $1,525,000, representing a price per unit of $508,333.33 and a price per square foot of $512.78. The property boasts a strong NOI of $73,954 and a 4.85% cap rate. Ample parking is available, including a private one-car garage for the single-family residence, and additional garage and open parking spaces for the other units. Convenient amenities include on-site and in-unit washer/dryer hookups, a gated entrance, central air and heat (SFR), and mini-split systems (other units). The property is zoned RD1.5-1 and is not subject to mandatory seismic retrofitting. The existing single-family residence's garage offers a potential opportunity to create an accessory dwelling unit (ADU), further increasing the property's income potential. This property presents a compelling investment opportunity due to its diverse unit mix, vacant status allowing for immediate value-add potential, and its location in a desirable Los Angeles neighborhood. The absence of seismic retrofitting requirements and the potential for ADU conversion represent significant advantages.