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860 S Curson Ave

Los Angeles, CA 90036
  • $1,850,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 22-155553
UPDATED: 25 min ago
$1,850,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,886
    SQFT
  • $476
    $/SQFT
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

We are pleased to present 860 S Curson Ave, a charming, Spanish-style duplex located in the Miracle Mile area. The subject property is being delivered 100% vacant, perfect for an owner-user to live in one unit and rent out the other to help offset the mortgage, or an investor looking for a property in an excellent location for long-term appreciation. 860 S Curson Ave was built in 1927 and is situated on a 7,016 SF lot. The two-story structure offers 3,886 rentable square feet and consists of two (2) large three-bedroom, two-bathroom units. The two units have had minor upgrades over the years but remain in mostly original condition(please see photos). There is both garage and surface parking available near the rear of the lot, offering plenty of space for both tenants and guests alike. Additionally, there is a sizeable lounge/courtyard area next to the garages in the back, offering an astute investor the opportunity to possibly repurpose the area to build an ADU to generate additional income (buyer to verify). The property is located on a prime street in Miracle Mile (Walk Score 87) and offers immediate access to the neighboring communities of Beverly Hills, Koreatown, and WeHo. The proximity to world-class venues such as The Grove & Farmer's Market makes this an ideal investment for an apartment operator seeking a stable investment opportunity along with long-term wealth preservation and appreciation.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128588050
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860 S Curson Ave Los Angeles, CA 90036

  • Price: $1,850,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 25 min ago
  • MLS #: 22-155553
6
Beds
0
Baths
0
½ Baths
0.16
Acres
3,886
SQFT
$476
$/SQFT
1927
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
We are pleased to present 860 S Curson Ave, a charming, Spanish-style duplex located in the Miracle Mile area. The subject property is being delivered 100% vacant, perfect for an owner-user to live in one unit and rent out the other to help offset the mortgage, or an investor looking for a property in an excellent location for long-term appreciation. 860 S Curson Ave was built in 1927 and is situated on a 7,016 SF lot. The two-story structure offers 3,886 rentable square feet and consists of two (2) large three-bedroom, two-bathroom units. The two units have had minor upgrades over the years but remain in mostly original condition(please see photos). There is both garage and surface parking available near the rear of the lot, offering plenty of space for both tenants and guests alike. Additionally, there is a sizeable lounge/courtyard area next to the garages in the back, offering an astute investor the opportunity to possibly repurpose the area to build an ADU to generate additional income (buyer to verify). The property is located on a prime street in Miracle Mile (Walk Score 87) and offers immediate access to the neighboring communities of Beverly Hills, Koreatown, and WeHo. The proximity to world-class venues such as The Grove & Farmer's Market makes this an ideal investment for an apartment operator seeking a stable investment opportunity along with long-term wealth preservation and appreciation.
Exterior Features

Lot Size Area 7016 Other Structures None Parking Garage Driveway - ConcreteGarage Total Parking 3

Interior Features

Baths Total 4.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 510855 Gross Income 93004 Gross Operating Income 60486 Like Units1 1 Like Units2 1 Net Operating Income 60486.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 32518 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
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