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$ 1,325,000
Est. payment | /mo
5,084 SqFt
$ 1,325,000
Est. payment | /mo
5,084 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,084 sqft
Price per Sqft $260
MLS Listing ID CL26852979
HOA Y/N No
Year Built 1956
Lot Size 7,162 Sqft
Acres 0.1644
Property Sub-Type Other
Property Description
2910 S Curson Avenue is a well maintained six unit apartment building located in a supply constrained pocket of Mid City Los Angeles. Built in 1956, the property totals 5,084 square feet on a 7,160 SF lot, offering an efficient unit mix of six spacious 2-bedroom/1-bath units, each approximately 825 SF. The building provides six covered carport parking spaces, a valuable amenity in this dense central Los Angeles submarket. Current operations reflect stable tenancy with significant embedded upside. Market rents support 54% rental upside across all units. Pro forma income reaches $180,000 annually, driving a projected 9.72% cap rate and 7.36 GRM at market rents. The property sits within a Tier 3 Transit-Oriented Communities (TOC) zone, offering meaningful density and incentive potential for future redevelopment. Additionally, the site is located in a federally designated Opportunity Zone, creating long-term tax-advantaged investment pathways for both value-add and redevelopment strategies. With its central location, covered parking, large floor plans, and significant mark to market potential combined with its Tier 3 TOC and Opportunity Zonedesignations2910 S Curson Avenue represents a compelling value add or long term strategic redevelopment opportunity in one of Los Angeles' most consistently demanded rental corridors. Please do not disturb the tenants.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Electric
Cooling None
Fireplace No
Building
Water Other
New Construction No
Others
Tax ID 5048019030
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Listed by Tim Steuernol • NAI Capital Commercial Inc.
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