2469 Purdue Ave, Los Angeles, CA 90064

2469 Purdue Ave, Los Angeles, CA 90064

Los Angeles, CA
$4,100,000

Property Description

Combining character with quality in a prime location, this lovely Cape Cod style apartment represents a solid investment opportunity
for anyone looking to purchase real estate on the Westside. The spacious, well-appointed units feature fireplaces, updated kitchens and
bathrooms, as well as French door panels and large, well-maintained closet spaces.

Tenants enjoy convenient access to public transit, entertainment, shopping, and dining as well as a number of schools in the
surrounding area. The Expo Line’s Sepulveda station, located just four blocks away, makes it easy to travel by rail to USC, Downtown Los
Angeles, and the Santa Monica Promenade. The area is ideal for students attending Santa Monica College or UCLA, as the local Metro and Big
Blue Bus systems operate nearby routes to and from the campuses.

Just a short distance east on Pico Boulevard UCLA acquired the 700,000 SF former Google Headquarters at Westside Pavillion. They will
operate their Quantum Science and Engineering Depts there. Sawtelle Japan town, located several blocks north of the property is another
popular dining and shopping destination in the area. It features many well-established sushi bars, ramen houses, and Japanese boutique
stores. For day-to-day shopping Ralph’s and Trader Joe’s groceries stores are located nearby.

Situated between some of the most desirable areas of the Westside such as Santa Monica, Rancho Park, Westwood, Palms, and Mar
Vista, this property presents a prime opportunity for investors that is sure to generate increased revenue and appreciation for years to
come.

Property Features

  • Sale Price: $4,100,000
  • Area Size: 8,847
  • Land Area: 7,834
  • Year Built: 1988
  • Listing Date: 01/06/2024
  • Units: 10
  • Current GRM: 14.29
  • Current Cap Rate: 4.70%
  • Price Per Unit: $410,000

Lyon Stahl Investment Real Estate

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