1807 Purdue AVE, Los Angeles, CA 90025
1807 Purdue AVE, Los Angeles, CA 90025
1807 Purdue AVE, Los Angeles, CA 90025
1807 Purdue AVE, Los Angeles, CA 90025
1807 Purdue AVE, Los Angeles, CA 90025
1807 Purdue AVE, Los Angeles, CA 90025
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Lawrence Velo

Lawrence Velo

+1(949) 791-9131
$ 2,595,000
Est. payment | /mo

10 Beds

11 Baths

6,712 SqFt

Save
$ 2,595,000
Est. payment | /mo
Save

10 Beds

11 Baths

6,712 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,712 sqft

Price per Sqft $386

MLS Listing ID 26105670

Bedrooms 10

HOA Y/N No

Year Built 1962

Lot Size 7,387 Sqft

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 Wla - West Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Driveway Down Slope From Street

Pool None

Total Parking Spaces 10

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4261022066

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Irma Vargas Tierra Properties #00467438

Nearby Locations

Lawrence Velo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 791-9131

lawrencerealtor1@gmail.com

15935 Whittier Blvd, Whittier, CA 90603

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1807 Purdue AVE