Curson Apartments 1439 N Curson Ave 20 Unité Immeuble d’appartements 7 704 592 $ CAD (385 230 $ CAD/Unité) 6,01% Taux de capitalisation Los Angeles, CA 90046

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 19 of 20 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.