NOT LISTED FOR SALE

1711 Purdue Ave Los Angeles, CA 90025

Sawtelle Neighborhood
8 Beds
11 Baths
5,820 Sq Ft
8,456 Sq Ft Lot

Last Sold May 02, 2023

Last sale price $2,800,000 $481 Per Sq Ft

15 Days on Market

About This Home

As of May 2023

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

Errol Spiro

Miller & Desatnik Realty Co. License #00893163 Listed on: 02/14/2023

Co-Listed By

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Last Buyer's Agent

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831

REMAX COMMERCIAL & INVESTMENT REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,456 Sq Ft Lot
  • Lot Dimensions are 61x137

Interior Spaces

  • 5,820 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 11 Bathrooms

Parking

  • 12 Parking Spaces
  • Covered Parking

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 4261-016-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5820
  • Lot Acreage: 0.1941
  • Lot Dimensions: 61x137
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Laundry Area
  • Total Bathrooms: 11.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 489.69

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 12

Lot Info

  • Assessed Improvement Percent: 42.06
  • Assessed Improvement Value: 405664
  • Assessed Land Percent: 57.94
  • Assessed Land Value: 558898
  • Total Assessed Value: 964562
  • Assessor Parcel Number: 4261-016-006
  • Lot Size Area: 8456

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 14.42
  • Number Of Units: 11
  • Total Annual Expense: 68501
  • Type Of Units: Apartments
  • Vacancy Rate: 5928

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Errol Spiro

    Seller's Agent in 2023

    Errol Spiro

    Miller & Desatnik Realty Co.

    (310) 202-9166

    12 in this area

    26 Total Sales

    Section Image
  • Jonathan Taksa

    Seller Co-Listing Agent in 2023

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    15 in this area

    74 Total Sales

    Section Image
  • Rob Renshaw

    Buyer's Agent in 2023

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    2 in this area

    28 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 23-241629

The MLS

California Los Angeles County Los Angeles 90025 Sawtelle

1711 Purdue Ave, Los Angeles, CA

This home is located at 1711 Purdue Ave, Los Angeles, CA 90025 since 14 February 2023. This property was built in 1957. 1711 Purdue Ave is a home located in Los Angeles County with nearby schools including Nora Sterry Elementary School, Daniel Webster Middle School, and University High School Charter.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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