2470 Purdue Ave - Apartments FOR SALE


Los Angeles, CA 90064- West Los Angeles
$2,495,000 USD
818-880-9900
2470 Purdue Ave, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/9
null | 4.88% Cap Rate

2470 Purdue Ave
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • Location Location Location
  • 4 units available for market rent increases
  • Great upside potential

OVERVIEW

Dramatic Price Reduction! Prime investment opportunity in an excellent West Los Angeles neighborhood. Close to the 405 Freeway, shopping, restaurants, and only minutes to downtown or Santa Monica beaches. 4 of the 8 units are vacant and ready for new market rate tenancies. The building has been retrofitted according to the owner. Some of the units have been remodeled and show quite well. This rare and seasoned investment affords the new owner with great upside potential. Competitively priced, this is a very attractive investment opportunity.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

8

PRICE/UNIT

$311,875

CAP RATE

4.88%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

LAR3

APN/PARCEL ID

4260-038-028

ASK ABOUT THIS PROPERTY

Brad WisemanPinnacle CommercialMore Info
818-880-9900

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Brad WisemanPinnacle CommercialMore Info
818-880-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.