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2470 PURDUE AVE

LOS ANGELES, CA

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Property Description

PROPERTY DESCRIPTION

 8 unit | 8 parking spaces |  7,502 sqft

Prime West Los Angeles: Rare Investment Opportunity in Multi-Family Building

 

Calling all investors! This is your chance to own a piece of prime West Los Angeles real estate with a rare investment opportunity in an 8-unit multi-family apartment building.

 

Located at 2470 Purdue Avenue, Los Angeles, CA 90049, this property boasts great upside potential thanks to an excellent unit mix and 2 currently vacant units allowing you to maximize market rents.

 

Here's why this property is a compelling investment:

 

Prime Location: Situated in a desirable West Los Angeles location.

Strong Income Potential: Offers a proforma gross annual income of $179,196 with significant upside potential from vacant units.

Favorable Expenses: Includes property tax benefits thanks to Proposition 13, resulting in a net operating income (NOI) of $118,621.

Attractive Price Point: With a price of $2,925,000, this property offers a compelling capitalization rate of 4.06% and a gross rent multiplier of 16.32.

Diverse Unit Mix: Caters to a wider range of renters.

Ample Parking: Provides 8 dedicated parking spaces for residents.

 

Additional Property Details

Net Rentable Area: 5,999 square feet

Year Built: 1963

Price Per Unit: $365,625

Price Per Square Foot: $488

Don't miss out on this exceptional opportunity! Contact us today to schedule a showing and learn more about this income-generating property in a prime West Los Angeles location.

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Contact

CONTACT

BRAD WISEMAN

JULIA LOMBARDI

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