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1711 Purdue Ave, Los Angeles, CA 90025
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1711 Purdue Ave Los Angeles, CA 90025

$2,800,000 Sold Price as of 05/02/2023
  • 9 Beds
  • 11 Baths
  • 5,820 Sq.Ft.
Sold
$2,800,000 Sold Price as of 05/02/2023 Refinance Your Mortgage
Map preview of 1711 Purdue Ave, Los Angeles, CA 90025

Property Overview: 1711 Purdue Ave Los Angeles, CA has 9 bedrooms, 11 bathrooms, 5,820 living square feet and 8,456 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare multi-family investment opportunity located at 1711 Purdue Avenue in the heart of LA's famed community of West Los Angeles. The subject property consists of 11 units and boasts a great unit mix consisting of (8) spacious 1-bedroom + 1 bath and (3) efficiency units. The building represents a quintessential value-add opportunity rarely available in such a prime location. Each of the units offers an abundance of rental upside. The size of the property is approximately 5,820 sq. ft. and the lot size is 8,456 sq. ft. that is zoned LAR3. Additional property features include on-site parking, an on-site laundry facility, and gated entry. The property still requires seismic work for its parking structure. Priced at a low $259,000 per unit and a 4.33 CAP rate, these value metrics are rarely seen on the Westside. A quick walk to high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents in one of the best locations of the Westside.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Co-listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 10 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
8,456
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23241629
City
Los Angeles
County
Los Angeles
Time on Site
500 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $940
  • Total Rent: $940
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,129
  • Total Rent: $1,129
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,384
  • Total Rent: $1,384
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,164
  • Total Rent: $1,164
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.42
  • Gross Scheduled Income: --
  • Net Operating Income: $123,535
  • Gross Operating Income: $192,035
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1711 Purdue Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 11
  • Parcel Number: 4261016006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd. & West of the 405 freeway
View more facts & features

Local Los Angeles Agent

Sale History for 1711 Purdue Ave

Last sold for $2,800,000 on May 2nd, 2023

  • May, 2023

  • May 2, 2023

    Date

    Sold

    CRMLS: 23241629

    $2,800,000

    Price

  • Feb 14, 2023

    Date

    Active

    CRMLS: 23241629

    $2,850,000

    Price

  • May, 1998

  • May 29, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 1998

  • May 29, 1998

    Date

    Sold (Public Records)

    Public Records

    $60,000

    Price

Show More

Tax History for 1711 Purdue Ave

Assessed Value (2020): $938,384
Year Land Value Improved Value Assessed Value
2020 $542,322 $396,062 $938,384

Home Value Compared to the Market

This property vs the competition

1711 Purdue Ave sold on May 2, 2023 for 152.21% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $489.69 per/sqft which puts the price per square foot 35.05% lower than the current median sale per square foot for the city of Los Angeles.

About 1711 Purdue Ave

Detailed summary of property

1711 Purdue Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 9 bedrooms, 11 bathrooms, roughly 5,820 living square feet, and sits on an approximately 8,456 square foot lot. 1711 Purdue Ave was first listed on ArdentRealEstateGroup.com on February 14, 2023. The homeowner sold the property for $2,800,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 152.21% higher than the current median priced home. Local homes that are currently for sale include 3709 S Bentley Ave, 12028 Venice Blvd and 3610 Westwood Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1711 Purdue Ave has a days on market of 15 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1711 Purdue Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1711 Purdue Ave

Public county record property details
Beds
8
Baths
11
Year built
1957
Sq. Ft.
5,820
Lot Size
8,456
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
4261-016-006

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,229,000
Median List Price/Sq.Ft.
$738
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$758
Total Inventory
113
Median Sale to List Price %
111.22%
Avg Days on Market
30
Loan Type
Conventional (11.11%), FHA (3.7%), VA (0%), Cash (3.7%), Other (7.41%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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