2910 S. Curson Ave.
West Adams Multifamily | 5.04% CAP | 6 Units
Marketing description
2910 S Curson Avenue is a well maintained six unit apartment building located in a supply constrained pocket of Mid City Los Angeles. Built in 1956, the property totals 5,084 square feet on a 7,160 SF lot, offering an efficient unit mix of six spacious 2-bedroom/1-bath units, each approximately 825 SF. The building provides six covered carport parking spaces, a valuable amenity in this dense central Los Angeles submarket.
Current operations reflect stable tenancy with significant embedded upside. Market rents support 54% rental upside across all units. Pro forma income reaches $180,000 annually, driving a projected 9.72% cap rate and 7.36 GRM at market rents.
The property sits within a Tier 3 Transit-Oriented Communities (TOC) zone, offering meaningful density and incentive potential for future redevelopment. Additionally, the site is located in a federally designated Opportunity Zone, creating long-term tax-advantaged investment pathways for both value-add and redevelopment strategies.
With its central location, covered parking, large floor plans, and significant mark to market potential—combined with its Tier 3 TOC and Opportunity Zone designations—2910 S Curson Avenue represents a compelling value add or long term strategic redevelopment opportunity in one of Los Angeles' most consistently demanded rental corridors.
Investment highlights
- Transit-Oriented, High-Demand Location, The property is minutes from the Metro E Line, connecting residents directly to Downtown LA, Culver City, USC, Santa Monica, and the Westside tech corridor. This connectivity drives strong renter demand and long-term appreciation.
- (6) 2+1 Units with Significant Rental Upside, All six units are substantially below market, with current average rents in the $1,600's versus market rents of $2,500 for comparable 2+1 units. This embedded loss to lease positions the asset for income growth up turnover and through strategic renovations.
- Located in Tier 3 TOC & Opportunity Zone, The site sits within a Tier 3 Transit-Oriented Communities zone, offering enhanced density, reduced parking requirements, and development incentives. Its Opportunity Zone designation provides long-term tax advantages for investors pursuing redevelopment or major repositioning.
- Strong Pro Forma Rents at Market Rate, The property delivers a compelling 9.72% cap rate, 7.36 GRM, and 14.08% cash on cash return, supported by a proposed $750,000 loan at 5.50%. The metrics create an attractive value add yield profile rarely found this part of Los Angeles.
- Surrounded by Major New Development & Rapid Gentrification, West Adams and Mid City are experiencing one of LA's most dramatic transformations, with large new multifamily projects, chef-driven restaurants, boutique retail, breweries, and nightlife reshaping the neighborhood. This momentum supports rising rents, improving demographics, and strong absorption.
- Central Access to LA's Key Employment Hubs, Nearby Culver City Tech and Media Hub is one of the fastest growing employment clusters in Los Angeles. Home to Amazon Studios, Apple TV, HBO / WarnerMedia, Sony Pictures, TikTok, NantWorks and many others.
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