1807 Purdue Ave, Los Angeles, CA 90025
1807 Purdue Ave, Los Angeles, CA 90025
1807 Purdue Ave, Los Angeles, CA 90025
15
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$2,595,000
Est. payment /mo
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10 Beds
11 Baths
6,712 SqFt
New

1807 Purdue Ave Los Angeles, CA 90025

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,712 sqft

Price per Sqft $386

MLS Listing ID 26105670

Bedrooms 10

Year Built 1962

Lot Size 7,387 Sqft

Acres 0.1696

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire a 10-unit multifamily property in West Los Angeles offering an attractive 5%+ going-in cap rate, strong in-place income, and meaningful future value-add potential.The property consists of eight 1-bedroom units and two studio/single units, providing a desirable and highly rentable unit mix in one of Los Angeles' strongest Westside rental markets. A major investment highlight is the property's eight tandem parking spaces, which may provide an opportunity to add Accessory Dwelling Units (ADUs) and increase the property's unit count and rental income, subject to applicable City of Los Angeles requirements, feasibility, and approvals.The property also benefits from several significant completed capital and compliance improvements, including earthquake/seismic retrofit work, balcony inspections, and electrical upgrades. These completed items may reduce near-term capital expenditure requirements and provide added confidence to an investor evaluating the property's condition and future operating needs.Located near Sawtelle, Brentwood, Westwood, and Santa Monica, 1807 Purdue Avenue benefits from excellent access to employment centers, dining, shopping, transportation, and Westside amenities.This offering provides investors with the opportunity to acquire a well-located West Los Angeles apartment asset with immediate cash flow, a 5%+ cap rate, completed major property improvements, and additional long-term upside through potential ADU development and future rent growth.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Laundry Community

Exterior

Parking Features Above Street Level

Garage Spaces 10.0

Pool None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Tierra Properties

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent RE.S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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1807 Purdue Ave