860 South Curson Avenue

Los Angeles, CA 90036

$1,710,000
Last Sold Price
6
Beds
4
Baths
3,886 Sq. Ft.
$440 / Sq. Ft.
3,886
Sq. Ft.
$440
per Sq. Ft.

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...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.
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 860 South Curson Avenue

Zoning
LAR2
Parcel Number
5089016012
Total Units
2.0
Living Area
3886
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
2876
Lot Size Area
7016

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Add your commute
LISTING UPDATED: 10/26/2022 03:40 PM

Property Details for 860 South Curson Avenue

StatusSold
MLS #22-155553
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.16 AC / 7,016 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Add your commute

Building Information for 860 South Curson Avenue

Stories2Residences-Year Built1927Building Size-Lot Size0.16 AC / 7,016 SF

Payment Calculator

$11,088 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,332

Property Taxes

$1,756

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 860 South Curson Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $60,486
  • Net Operating Income: $60,486.00
  • Gross Income: $93,004
  • Cap Rate: 3.27%
  • Gross Rent Multiplier: $19.29
  • Actual Annual Gross Rent: $95,880.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 32518
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1611
  • Lot Size Square Feet: 7016
  • Lot Size Dimensions: 48x115
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 3
  • Parking Features: Concrete, Garage
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-11-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $3,995.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $239,289.00
  • Assessed Improvement Percent: 46.84
  • Assessed Land Value: $271,566.00
  • Assessed Land Percent: 53.16
  • Assessed Total Value: $510,855.00

Property History for 860 South Curson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 860 South Curson Avenue

Taxable ValueLand$1,300,000Additions$410,000Total$1,710,000
Tax Record2023$21,072 ($1,756 / month)
Home Facts
Total Finished SqFt3,886 SqFtAbove Grade Finished SqFt3,886 SqFtLot Size7,016 SqFtStyleDuplexYear Built1927ZoningLAR2CountyLOS ANGELESAPN5089-016-012

Schools near 860 South Curson Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

New Los Angeles Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.