741 S Curson Avenue, Los Angeles, California 90036, Los Angeles, 90036 - bed, bath
ACTIVE$2,499,000
741 S Curson Avenue, Los Angeles, California 90036
0Bed
0Bath
4,873Sqft
5,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
No Rent Control & Income Potential: Each unit is exempt from rent control, allowing for annual rent increases, which is a significant advantage for investors in the Los Angeles market.
Top Cons:
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $3.19M to $2.499M, which may indicate it was initially overpriced or has faced challenges in attracting buyers.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1928 (97 years old).
Condition: Despite being built in 1928, the property has undergone extensive and recent renovations, including a newly built ADU with 'state of the art interiors.' The main units are described as 'updated throughout,' which is strongly supported by the images. The bathrooms feature modern floating vanities, stylish tiling, and contemporary fixtures (including a gold-colored freestanding tub faucet and a unique pedestal sink in the ADU). The visible kitchen in the ADU has modern white cabinets and appliances. Throughout the units, there is new light-colored laminate/LVP flooring, fresh paint, modern flush-mount lighting, and efficient mini-split AC units, indicating a comprehensive and high-quality renovation within the last 5 years.
Year Built
1928
Close
-
List price
$2.5M
Original List price
$3.19M
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21143
Home ConditionExcellent
Features
Good View:
View
About this home
Priced to sell! Come now! Each unit without rent control! Raise the rent every year! The triplex you have been waiting for is finally here! A true Spanish masterpiece in the heart of Miracle Mile just behind the LACMA. The best location and a pride of ownership! Front building consists of 2 single level units up and down. Each updated throughout consists of 3 large suite style bedrooms and 2 grand bathrooms with the luxury of large kitchen, breakfast nook and spacious living rooms! Not to mention each with their own laundry room! We have a third unit in the back, separate ADU newly built 2 bedroom 2 bathroom with state of the art interiors! Truly a masterpiece you do not want to miss!
Nearby schools
7/10
Hancock Park Elementary School
Public,•K-5•0.7mi
2/10
Wilshire Crest Elementary School
Public,•K-5•0.7mi
5/10
Carthay Center Elementary
Public,•K-5•0.8mi
8/10
Third Street Elementary School
Public,•K-5•1.4mi
7/10
John Burroughs Middle School
Public,•6-8•1.1mi
4/10
Los Angeles Senior High School
Public,•9-12•1.3mi
7/10
Fairfax Senior High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
05/10/01
Sold
$566,818
04/12/00
Sold
$455,000
10/21/22
Sold
$2,030,000
12/06/16
Sold
$1,600,000
Condition Rating
Excellent
Despite being built in 1928, the property has undergone extensive and recent renovations, including a newly built ADU with 'state of the art interiors.' The main units are described as 'updated throughout,' which is strongly supported by the images. The bathrooms feature modern floating vanities, stylish tiling, and contemporary fixtures (including a gold-colored freestanding tub faucet and a unique pedestal sink in the ADU). The visible kitchen in the ADU has modern white cabinets and appliances. Throughout the units, there is new light-colored laminate/LVP flooring, fresh paint, modern flush-mount lighting, and efficient mini-split AC units, indicating a comprehensive and high-quality renovation within the last 5 years.
Pros & Cons
Pros
No Rent Control & Income Potential: Each unit is exempt from rent control, allowing for annual rent increases, which is a significant advantage for investors in the Los Angeles market.
Prime Location: Situated in the highly desirable Miracle Mile neighborhood, just behind LACMA, offering excellent walkability and access to cultural attractions and amenities.
Newly Built ADU: Includes a separate, newly constructed 2-bedroom, 2-bathroom ADU with state-of-the-art interiors, providing an immediate additional income stream and modern living space.
Updated & Spacious Units: The front building's two units are updated throughout, featuring 3 large suite-style bedrooms, 2 grand bathrooms, spacious living rooms, large kitchens, and breakfast nooks.
Architectural Character & Tenant Amenities: A 'true Spanish masterpiece' from 1928, offering unique aesthetic appeal, combined with practical amenities like individual laundry rooms for each unit.
Cons
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $3.19M to $2.499M, which may indicate it was initially overpriced or has faced challenges in attracting buyers.
Age of Main Building: Built in 1928, the main building, despite updates, may present potential for higher maintenance costs or require future investments in older systems (e.g., plumbing, electrical, HVAC) compared to newer constructions.
Lack of Specifics on Parking/Outdoor Space: The description does not detail dedicated parking solutions or significant private outdoor spaces for tenants, which can be a crucial factor for multi-unit properties in a dense urban area like Los Angeles.