401 & 465 N. Curson Ave. presents an exceptional value-added multifamily investment opportunity located in the heart of Los Angeles’ prime Fairfax District. The portfolio consists of two stunning Spanish-style Colonial Revival apartment buildings that have been under the same ownership for nearly 50 years and need significant renovations and maintenance. The properties offer +/- 40% rental upside potential, some of which can be immediately accessed through renovation and lease-up of vacancies.
The portfolio consists of (20) spacious one-bedroom + one-bath units, each approximately +/- 879 square feet. Current occupancy is 70% and the properties are generating an average monthly income of $33,837. This portfolio is characterized by an attractive cost per unit and square foot, presenting an exceptional value proposition in line with the current market landscape.
Situated in the heart of Los Angeles, 401 & 465 N. Curson Ave. boasts a prime location in the highly desirable Fairfax District. This vibrant neighborhood is known for its rich cultural heritage, eclectic mix of dining, shopping, and entertainment options, and a community vibe that’s both trendy and welcoming.
The property allows you to reach some of LA’s most iconic neighborhoods and attractions within minutes. The properties are just a short drive from the Miracle Mile, home to the city’s premier cultural institutions, including the Los Angeles County Museum of Art (LACMA) and the La Brea Tar Pits; West Hollywood (WeHo) is just minutes away, offering a wide array of trendy bars, restaurants, and boutique shops.
One of the standout features of this location is its proximity to The Grove, one of Los Angeles’ most beloved shopping and entertainment destinations. For those who prefer public transportation, this location offers excellent connectivity. Multiple bus lines and the nearby Metro station provide easy access to the rest of the city, whether you’re commuting to work or exploring other parts of Los Angeles. The property offers the perfect blend of urban convenience and neighborhood charm.
+ Prime Fairfax, LA location
+ Strong rental market
+ Value-added investment opportunity
+ Under the same ownership for nearly 50 years
+ Significant rental upside potential of +/- 40%
+ 30% vacant
+ Attractive cost per pound
Once you schedule a call, you’ll have taken the first step to getting the representation you deserve.
