860 S Curson Ave, Los Angeles, CA 90036
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860 S Curson Ave Los Angeles, CA 90036

$1,710,000 Sold Price as of 10/26/2022
  • 6 Beds
  • 4 Baths
  • 3,886 Sq.Ft.
Sold
$1,710,000 Sold Price as of 10/26/2022 Refinance Your Mortgage

Map preview of 860 S Curson Ave, Los Angeles, CA 90036

Property Overview: 860 S Curson Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,886 living square feet and 7,016 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: October 26th, 2022 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
7,016
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22155553
City
Los Angeles
County
Los Angeles
Time on Site
739 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.27%
  • Gross Rent Multiplier: 19.29
  • Gross Scheduled Income: --
  • Net Operating Income: $60,486
  • Gross Operating Income: $60,486
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 860 S Curson Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Concrete, Garage
Property Information
  • Total # of Units: 2
  • Parcel Number: 5089016012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Near cross streets W Olympics Blvd and S Curson Ave.
View more facts & features

Local Los Angeles Agent

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Sale History for 860 S Curson Ave

Last sold for $1,710,000 on October 26th, 2022
  • October, 2022

  • Oct 26, 2022

    Date

    Sold

    CRMLS: 22155553

    $1,710,000

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: 22155553

    $1,850,000

    Price

Tax History for 860 S Curson Ave

Assessed Value (2020): $505,618
Year Land Value Improved Value Assessed Value
2020 $268,782 $236,836 $505,618

Home Value Compared to the Market

This property vs the competition

860 S Curson Ave sold on October 26, 2022 for 55.46% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $476.07 per/sqft which puts the price per square foot 36.94% lower than the current median sale per square foot for the city of Los Angeles.

About 860 S Curson Ave

Detailed summary of property

860 S Curson Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,886 living square feet, and sits on an approximately 7,016 square foot lot. 860 S Curson Ave was first listed on ArdentRealEstateGroup.com on May 11, 2022. The homeowner sold the property for $1,710,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.46% higher than the current median priced home. Local homes that are currently for sale include 1119-1121 S Orange Dr, 1460 S Burnside Ave and 1455 S Genesee Ave. While the average home in Los Angeles, CA is selling in 92 days, 860 S Curson Ave has a days on market of 72 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 860 S Curson Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 860 S Curson Ave

Public county record property details
Beds
6
Baths
4
Year built
1927
Sq. Ft.
3,886
Lot Size
7,016
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5089-016-012

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,998,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
45
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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Related Resources to 860 S Curson Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.