1439 N Curson Ave, Los Angeles, CA 90046

Property Overview

‍

1439 N Curson Ave is a 20-unit multifamily investment located in the heart of Hollywood, near the West Hollywood border, offering stabilized in-place cash flow with a clear path to yield expansion through mark-to-market rent growth. Built in 1928, the 10,732-square-foot building sits on an 8,712-square-foot lot and features a highly efficient unit mix of (16) studios and (4) one-bedroom / one-bath units, supporting broad renter appeal and operational simplicity.

The property is 100% occupied and the majority of units have been renovated, providing a turn-key ownership profile with limited deferred maintenance and reduced execution risk. While the asset is subject to rent control, in-place rents trail current market levels, creating a defined opportunity to capture rental upside over time through natural turnover and systematic rent optimization. Additional income is generated through RUBS, laundry, and other income streams, enhancing effective gross income and long-term cash-flow durability.

Offered at $5,600,000 ($280,000 per unit / $521.80 per square foot), the asset currently operates at a 6.01% cap rate and 12.20 GRM, with pro-forma performance reflecting a 7.12% cap rate and 10.67 GRM. The investment presents a compelling opportunity to acquire a largely renovated, stabilized Hollywood multifamily asset with durable income, defined upside, and long-term hold appeal.

‍

‍

Key Property Details

‍

• Location: 1439 N Curson Ave, Los Angeles, CA 90046
• Lot Size: 8,712 square feet
• Total Building Area: 10,732 square feet
• Units: 20 Total Units
• Unit Mix: (16) Studios, (4) 1BR / 1BA
• Zoning: LAR3
• Year Built: 1928
• Rent Control: Yes
  

‍

‍

Investment Highlights

‍

• 100% Occupied with Day-One Cash Flow: The property is fully leased at acquisition, providing immediate income stability and eliminating lease-up risk while allowing ownership to focus on rent optimization rather than vacancy execution.‍
• Mark-to-Market Rent Growth Opportunity: Average in-place rents of approximately $1,913 per unit trail market rents of approximately $2,186 per unit, creating meaningful upside through gradual rent alignment over time.
• Largely Renovated, Turn-Key Condition: A majority of units have been updated, offering modern interiors and a stabilized operational profile with limited capital needs and reduced management intensity.
• Ancillary Income Enhancing EGI: RUBS, laundry, and other income streams contribute to effective gross income growth without requiring significant additional capital investment.
• Efficient Operating Profile: Operating expenses underwrite at approximately 28–30% of EGI, allowing income growth to translate efficiently into NOI and improved investor returns.
• Core Hollywood Location with Durable Demand: The studio and one-bedroom unit mix aligns with long-term renter demand in a supply-constrained Hollywood submarket, supporting stable occupancy and resilient cash flow.

‍

‍

Neighborhood and Accessibility

‍

Situated in Hollywood near the West Hollywood border, 1439 N Curson Ave benefits from proximity to major employment centers, transit corridors, and lifestyle amenities. The property is located near Sunset Boulevard and the Metro Red Line, supporting strong renter demand and long-term occupancy fundamentals. Limited new multifamily supply in the surrounding area further reinforces the asset’s positioning for sustained income performance and appreciation over time.

‍

‍

For more information and to schedule a viewing, please contact:

‍

Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl