1711 Purdue Ave

Los Angeles, CA, 90025

$2,850,000

$489 per ft²
$2,850,000
$489 per ft²
Pending
Pending
 - For Sale
beds
8 Beds
baths
11 Baths
carpenters-square
5,820 ft²
property_type
Multi-family
calendar
Built 1957
Rare multi-family investment opportunity located at 1711 Purdue Avenue in the heart of LA's famed community of West Los Angeles. The subject property consists of 11 units and boasts a great unit mix consisting of (8) spacious 1-bedroom + 1 bath and (3) efficiency units. The building represents a quintessential value-add opportunity rarely available in such a prime location. Each of the units offers an abundance of rental upside. The size of the property is approximately 5,820 sq. ft. and the lot size is 8,456 sq. ft. that is zoned LAR3. Additional property features include on-site parking, an on-site laundry facility, and gated entry. The property still requires seismic work for its parking structure. Priced at a low $259,000 per unit and a 4.33 CAP rate, these value metrics are rarely seen on the Westside. A quick walk to high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents in one of the best locations of the Westside.
MLS® ID:
23-241629
Listed:
2/13/23
Updated:
3/30/23

Interior Features

Total Bedrooms
8
Total Bathrooms
11
Laundry Description
Laundry Area
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
8,456 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
12.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
3/1/23
Pending
-
-

Courtesy of Miller & Desatnik Realty Co., Errol Spiro,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Megan Whalen Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/30/23

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