920 s curson
TRANSCRIPT
920 S CURSON920 S Curson | Los Angeles, CA.
920 S CURSON AVE
920 S CursonCONTENTS
Exclusively Marketed by:
Travis LeBoufBroker/[email protected]: 01938822
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Investment Summary
Unit Mix Summary
Location Summary
02 Property Description Property Features
Aerial Map
Parcel Map
03 Demographics Demographics
Demographic Charts
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Executive Summary
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Unit Mix Summary
Location Summary
Investment Summary | 920 S Curson 4
OFFERING SUMMARYADDRESS 920 S Curson
Los Angeles CA 90036
COUNTY Los Angeles
MARKET Los Angeles
BUILDING SF 5,046 SF
LAND SF 6,998
NUMBER OF UNITS 6
YEAR BUILT 1947
APN 5089-016-018
OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE $2,399,000
PRICE PSF $475.43
PRICE PER UNIT $399,833
OCCUPANCY 97.00 %
NOI (CURRENT) $66,714
CAP RATE (CURRENT) 2.78 %
GRM (CURRENT) 19.81
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 51,297 422,958 1,100,671
2019 Median HH Income $79,177 $62,970 $54,725
2019 Average HH Income $115,371 $100,693 $91,597
• The property is located in the strong rental market in the Mid-Wilshire district. It boasts large units witheach unit having its own parking spot. The proximity toKoreatown developments and 15 minute drive toStaple Center allows for an almost 0% vacancy rate. Each unitis separately metered for gas andelectric, with on-site laundry as an added perk for tenants.
Unit Mix Summary | 920 S Curson 5
Actual MarketUnit Mix # Units Square Feet Current Rent Rent PSF Monthly
IncomeMarket Rent Market Rent
PSFMarketIncome
1 bd + 1 ba 1 780 $1,950 $2.50 $1,950 $2,200 $2.82 $2,200
1 bd + 1 ba 1 780 $2,100 $2.69 $2,100 $2,200 $2.82 $2,200
1 bd + 1 ba 1 780 $2,050 $2.63 $2,050 $2,200 $2.82 $2,200
1 bd + 1 ba 1 780 $1,800 $2.31 $1,800 $2,200 $2.82 $2,200
1 bd + 1 ba 1 780 $943 $1.21 $943 $2,200 $2.82 $2,200
1 bd + 1 ba 1 780 $1,399 $1.79 $1,399 $2,200 $2.82 $2,200
Totals/Averages 6 780 $1,707 $2.19 $10,242 $2,200 $2.82 $13,200
Location Summary | 920 S Curson 6
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Property Description
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Aerial Map
Parcel Map
Additional Maps
Amenities
Pictures with Captions
Property Features | 920 S Curson 8
PROPERTY FEATURESNUMBER OF UNITS 6
BUILDING SF 5,046
LAND SF 6,998
YEAR BUILT 1947
ZONING TYPE LAR2
BUILDING CLASS Multi-family
NUMBER OF STORIES 2
NUMBER OF BUILDINGS 1
NUMBER OF PARKING SPACES 6
PARKING RATIO 1:1
WASHER/DRYER Yes
UTILITIESWATER Landlord
TRASH Landlord
GAS Tenant
ELECTRIC Tenant
Aerial Map | 920 S Curson 9
Parcel Map | 920 S Curson 10
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Demographics
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Demographic Charts
Demographics | 920 S Curson 12
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 45,250 408,939 1,069,568
2010 Population 47,722 402,620 1,049,469
2019 Population 51,297 422,958 1,100,671
2024 Population 52,731 435,870 1,130,997
2019-2024: Population: Growth Rate 2.75 % 3.00 % 2.75 %
2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 2,406 22,544 64,763
$15,000-$24,999 1,310 16,083 46,090
$25,000-$34,999 1,482 14,628 40,322
$35,000-$49,999 2,504 21,252 55,104
$50,000-$74,999 4,305 30,448 71,843
$75,000-$99,999 2,886 20,564 45,974
$100,000-$149,999 4,305 25,484 53,583
$150,000-$199,999 2,569 13,344 26,353
$200,000 or greater 3,446 21,664 45,022
Median HH Income $79,177 $62,970 $54,725
Average HH Income $115,371 $100,693 $91,597
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 23,589 186,337 449,766
2010 Total Households 23,713 178,236 430,370
2019 Total Households 25,213 186,011 449,055
2024 Total Households 25,800 191,058 460,468
2019 Average Household Size 2.01 2.25 2.40
2000 Owner Occupied Housing 4,961 46,028 108,041
2000 Renter Occupied Housing 17,620 132,316 320,580
2019 Owner Occupied Housing 4,729 45,127 106,660
2019 Renter Occupied Housing 20,483 140,884 342,394
2019 Vacant Housing 1,940 14,938 36,859
2019 Total Housing 27,153 200,949 485,914
2024 Owner Occupied Housing 4,872 46,426 109,511
2024 Renter Occupied Housing 20,929 144,632 350,957
2024 Vacant Housing 1,948 14,853 37,144
2024 Total Housing 27,748 205,911 497,612
2019-2024: Households: Growth Rate 2.30 % 2.70 % 2.50 %
Source: esri
Demographic Charts | 920 S Curson 13
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Household Income
Demographic Charts | 920 S Curson 14
2019 Household Occupancy - 1 Mile Radius
Average Income Median Income
2019 Household Income Average and Median
920 S Curson
Exclusively Marketed by:
Travis LeBoufBroker/[email protected]: 01938822
CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum isproprietary and strictly confidential. It is intended to be reviewed only bythe party receiving it from Remax Platinum Properties and it should not bemade available to any other person or entity without the written consentof Remax Platinum Properties.
By taking possession of and reviewing the information contained hereinthe recipient agrees to hold and treat all such information in the strictestconfidence. The recipient further agrees that recipient will not photocopyor duplicate any part of the offering memorandum. If you have no interestin the subject property, please promptly return this offering memorandumto Remax Platinum Properties. This offering memorandum has beenprepared to provide summary, unverified financial and physical informationto prospective purchasers, and to establish only a preliminary level ofinterest in the subject property.
The information contained herein is not a substitute for a thorough duediligence investigation. Remax Platinum Properties has not made anyinvestigation, and makes no warranty or representation with respect to theincome or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the propertyand improvements, the presence or absence of contaminating substances,PCBs or asbestos, the compliance with local, state and federal regulations,the physical condition of the improvements thereon, or financial conditionor business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property.
The information contained in this offering memorandum has been obtainedfrom sources we believe reliable; however, Remax Platinum Properties hasnot verified, and will not verify, any of the information contained herein,nor has Remax Platinum Properties conducted any investigation regardingthese matters and makes no warranty or representation whatsoeverregarding the accuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verify all of theinformation set forth herein. Prospective buyers shall be responsible fortheir costs and expenses of investigating the subject property.
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