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$ 2,595,000
Est. payment | /mo
10 Beds
11 Baths
6,712 SqFt
$ 2,595,000
Est. payment | /mo
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
Listed by Irma Vargas Tierra Properties #00467438
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