357-359 N Curson Ave, Los Angeles, CA 90036

Oct 10

Written By Jake Glaser

4-Plex in Beverly/Fairfax | Extensively Upgraded w/ Strong Income

Download Offering Memorandum

$1,995,000

Property Highlights

Extensively upgraded Spanish 4-plex in the Beverly/Fairfax Historic District
Each unit has 2 bedrooms & 1 bathroom, averaging 1,324 SF and has dual entrances in the rear
Each unit has an in-unit washer & dryer and individual water heater
Separately metered for gas and electricity
Property has five single car garages in the back of the lot
Low maintenance & drought resistant landscaping
Recent capital improvements: reinforced & strapped posts and girders, some dual glazed windows, a new roof, central HVAC in all units, individual water heaters, ~90% copper plumbing, ABS drain and sewer lines, gas shut-off valves, and upgraded electrical
Highly walkable location near Erewhon, The Grove, LACMA, The Beverly Center, Pan Pacific Park & plenty of dining and entertainment options in Fairfax, Beverly Grove and West Hollywood

The Opportunity

The Glaser Group is pleased to present 357–359 N Curson Avenue, an extensively upgraded and well maintained Spanish-style 4-plex located in the highly desirable Beverly/Fairfax Historic District of Los Angeles. Upgrades include reinforced and strapped posts and girders throughout the foundation, ~90% copper plumbing (2022), new ABS drain and sewer lines, automatic gas shut-off valves, updated electrical panels (50 amps per unit), central air and heat for all units, some dual-paned windows, additional attic support beams, and a new roof (2023).

The building totals 5,296 square feet on a 6,500 square foot lot and features four oversized 2+1 units averaging 1,324 square feet each. Every unit offers a desirable two-bedroom, one-bathroom layout with dual entrances. Each unit has its own private laundry room with washer/dryer and individual water heaters, and the units are separately metered for gas and electricity. At the rear of the property, residents benefit from five single car garage parking spaces, a highly sought-after amenity in this dense and walkable neighborhood. Priced at $1,995,000, this offering equates to $498,750 per unit, $376.70 per square foot, and provides investors with a 5.46% cap rate on current income and a 12.70 GRM.

357–359 N Curson Avenue is ideally located within walking distance to Erewhon, The Grove, LACMA, The Beverly Center and Pan Pacific Park. The property offers residents direct access to top dining, shopping, cultural attractions, and outdoor recreation. The central location also provides convenient connectivity to Beverly Hills, West Hollywood, and the greater Westside, ensuring consistent tenant demand and long-term value appreciation.

With its blend of historic charm, large floor plans, extensive upgrades, and a highly walkable Beverly/Fairfax location, 357–359 N Curson Avenue presents investors with a great opportunity to acquire a stabilized, cash-flowing property in one of Los Angeles’ most dynamic rental markets.