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34367759
34367753

1954 Purdue Ave, Los Angeles, CA 90025 For Sale

LC
CA 02146823
Myunits.com
EM
CA 01921425
Myunits.com
CW
Myunits.com Inc.
Listed by Myunits.com, Myunits.com Inc.
$3,799,000
5 days on market
Updated 5 days ago

1954 Purdue Ave

Details
APN 4261-029-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,916
Net Rentable (SqFt) 4,916
Units 3
Cap Rate 5.08%
NOI $192,801
Occupancy 100%
Tenancy Multi
Price per SqFt $773
Class A
Year Built 2026
Buildings 1
Lot Size (SqFt) 4,001
Zoning LAR2
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.81
Investment Type Stabilized

Prime Sawtelle Location | Boutique Collection of 3 Luxury Residences | $20,900/mo Current Income

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 property's ability to attract A+ renters immediately. The tenant make up is primarily young professionals and recent UCLA graduates drawn to the property's 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 averaging over 1,600 square feet, and seamless indoor outdoor living. Centrally located near Brentwood, Westwood, and Santa Monica with convenient access to the 10 and 405 freeways, 1954 Purdue St offers investors a rare opportunity to acquire a newly constructed, non rent controlled luxury asset in one of LA's most supply constrained and consistently high demand rental markets.

Investment highlights

  • Newly constructed triplex featuring three luxury residences designed to rival new construction homes
  • Located on a quiet, tree-lined street in Prime Sawtelle with a highly walkable neighborhood setting
  • Delivered fully leased at a true 5.08% cap rate.
  • $250,800 annual income, achieving a 5.08% pro forma cap rate
  • Desirable unit mix of 5, 4 & 3 bedroom residences ideal for roommate-style or family living
  • Large, residential-scale layouts with the largest totaling 1,960 square feet
  • High-end interiors with expansive kitchen islands, custom cabinetry, & oversized sliding doors
  • Walkable to the Sawtelle Boulevard dining corridor with top-tier restaurants, cafes, & markets
  • Approximately 1.5 miles to UCLA, a major driver of rental demand
  • Minutes to Brentwood, Westwood, & Santa Monica with strong Westside connectivity
  • Non-rent-controlled asset offering long-term flexibility & future rent growth potential

Listing Contacts

LC
CA 02146823
Myunits.com
EM
CA 01921425
Myunits.com
CW
Myunits.com Inc.
Listed by Myunits.com, Myunits.com Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$192,801.00
$16,066.75/mo

Valuation Metrics

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DSCR
5.08%
Cap Rate
5.08%
ROI

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Additional Information

Name
Lauren Cearley
License
02146823
Brokerage
Myunits.com Inc
Title
Real Estate Agent
Brokerage Address
630 North Glenoaks Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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