Seller's Agent in 2023
Errol Spiro
Miller & Desatnik Realty Co.
(310) 202-9166
12 in this area
30 Total Sales
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.
Last Agent to Sell the Property
Miller & Desatnik Realty Co. License #00893163 Listed on: 02/14/2023
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2023 05/02/23 | Sold | $2,800,000 | -1.8% | $481 / Sq Ft |
| 03/01/2023 03/01/23 | Pending | -- | -- | -- |
| 02/14/2023 02/14/23 | For Sale | $2,850,000 | -- | $490 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,422 | $2,913,120 | $1,144,440 | $1,768,680 |
| 2024 | $35,422 | $2,856,000 | $1,122,000 | $1,734,000 |
| 2023 | $35,417 | $2,856,000 | $1,999,200 | $856,800 |
| 2022 | $12,399 | $964,562 | $558,898 | $405,664 |
| 2021 | $12,223 | $945,650 | $547,940 | $397,710 |
| 2019 | $11,880 | $920,033 | $531,689 | $388,344 |
| 2018 | $11,785 | $902,042 | $521,264 | $380,778 |
| 2016 | $11,198 | $864,681 | $501,024 | $363,657 |
| 2015 | $11,045 | $851,694 | $493,499 | $358,195 |
| 2014 | $11,153 | $835,012 | $483,833 | $351,179 |
Seller's Agent in 2023
Errol Spiro
Miller & Desatnik Realty Co.
(310) 202-9166
12 in this area
30 Total Sales
Seller Co-Listing Agent in 2023
Jonathan Taksa
RE/MAX
(424) 672-8220
15 in this area
83 Total Sales
Buyer's Agent in 2023
Rob Renshaw
RE/MAX
(424) 293-4770
2 in this area
31 Total Sales
Source: The MLS
MLS Number: 23-241629
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