Listed by Myunits.com Inc.
$3,799,000
1954 Purdue
Details
APN 4261029022
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 5.08%
Buildings 1
Acreage 0.092
Zoning Builder
Multifamily | 5.08% CAP | 3 Units
Marketing description
1954 Purdue St is a boutique collection of three brand new construction luxury residences situated on a quiet, tree lined street in Prime Sawtelle. This offering presents a rare opportunity for investors seeking a newly constructed, fully leased Westside asset with proven rental demand and exceptional in place income. All three residences leased in just TWO WEEKS at premium rental rates of $7,950/month for the 4 bedroom + den residence, $7,600/month for the 4 bedroom residence, and $5,450/month for the 3 bedroom residence, generating an impressive $250,800 in annual gross income. The rapid lease up showcases extremely strong tenant demand and the propertys ability to attract A+ renters immediately. The tenant make up is primarily young professionals and recent UCLA graduates drawn to the propertys luxury finishes, oversized layouts, and unbeatable Westside location. Ideally positioned just 1.5 miles from UCLA and moments from the renowned Sawtelle Boulevard dining corridor, the property benefits from constant demand driven by students, medical employees, tech workers, and Westside creatives seeking luxury rental housing near major employment and lifestyle hubs. Residents enjoy close proximity to acclaimed dining destinations including Tsujita LA Artisan Noodle and n/naka, along with everyday conveniences such as Mitsuwa Marketplace and Trader Joe's. Each residence was designed with high end residential finishes intended to compete with luxury single family homes, featuring expansive kitchen islands, custom cabinetry and millwork, marble style surfaces, oversized layouts ave
Listing Contacts
Listed by Myunits.com Inc.
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