Located just south of Santa Monica Blvd and featuring a favorable unit mix with significant rental upside, 1016 N. Curson is a true value-add project. The property features (2) 2-Bdrm. & 2-Bath units and rents are approx. 23% below market rates. A Compass Beverly Hills agent, who had an established relationship with the Seller, reached out to Kenny Stevens Team to get an off-market deal done.
10-Unit West Hollywood Value-Add Sale
1016 N. Curson Avenue, West Hollywood
Price Paid: $4,100,000
About The Property
City West Hollywood
Current CAP 3.83%
Price p/ Sq. ft. $448
Price P/ Unit $410,000
Escrow opened in mid-March with some due diligence obstacles, but we were able to collaborate effectively and get the transaction closed in 45 days. Ultimately, both parties were thrilled to get the deal done at $4,100,000. Presenting a significant opportunity and located in a rental market under consistent demand, our buyer is thrilled with another promising West Hollywood acquisition.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”