2470 Purdue Avenue

Los Angeles, CA 90064

$2,495,000
Price
—
Beds
5,999 Sq. Ft.
$416 / Sq. Ft.
5,999
Sq. Ft.
$416
per Sq. Ft.

Description

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 well. This rare and seasoned investment affords the new owner with great upside potential. Competitively priced, this is a very attractive investment...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 well. This rare and seasoned investment affords the new owner with great upside potential. Competitively priced, this is a very attractive investment opportunity.
  1. Listed by Julia Lombardi Spurlin • DRE #02110868 • Brokerage DRE #00905345 • Pinnacle Estate Properties, Inc. • 661-753-7013
  2. Listed by Brad Wiseman • DRE #00780341 • Brokerage DRE #00905345 • Pinnacle Estate Properties, Inc.

Property Details for 2470 Purdue Avenue

Total Units
8.0
Lot Size Source
Assessor
Building Area Total
5999
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
4260038027
Area
West Los Angeles (WLA)
LISTING UPDATED: 10/08/2024 03:11 PM

Property Details for 2470 Purdue Avenue

StatusActive
MLS #SR24146023
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1963
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 2470 Purdue Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 2470 Purdue Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $179,196
  • Laundry Income: $0
  • Other Income 1: $0
  • Cap Rate: 4.06
  • Current Financing: None
Expense Details
  • Operating Expense: $60,575
  • Expense Year: $2,023
Tax / Assessment Info
  • Tax Year: 2023
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Current Use Comments: 6/8 are occupied
  • Land Use: Multi-Family
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,000
  • Unit Type Type: 1
  • Unit Type Description: vacant
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,253
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,820
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,100
  • Unit Type Type: 4
  • Unit Type Description: vacant
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,462
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,028
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,970
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,300
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 1

Property History for 2470 Purdue Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2470 Purdue Avenue

Taxable ValueLand$97,549Additions$199,011Total$296,560
Tax Record2024$4,767 ($397 / month)
Home Facts
Total Finished SqFt5,999 SqFtAbove Grade Finished SqFt5,999 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4260-038-027

Schools near 2470 Purdue Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2470 Purdue Avenue is a multi-family home for sale in Los Angeles, CA 90064. This property was listed for sale on July 17, 2024 by Pinnacle Estate Properties, Inc., it's currently listed at $2,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Nora Sterry Elementary School, Daniel Webster Middle School and University Senior High School Charter. 2470 Purdue Avenue is a 0-bed, 0-bath, 5,999 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pinnacle Estate Properties, Inc., Julia Lombardi Spurlin, DRE #02110868; Pinnacle Estate Properties, Inc., Brad Wiseman, DRE #00780341

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.