
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
BRAD WISEMAN
JULIA LOMBARDI
