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1954-1958 Purdue Ave 3 Unit Apartment Building $3,799,000 ($1,266,333/Unit) 5.08% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Newly developed luxury triplex in Prime Sawtelle featuring three expansive residences.
- Modern interiors with designer kitchens, custom cabinetry, and oversized balconies.
- Fully leased at premium rental rates, producing strong income and a 5.08% cap rate.
- Walkable setting near acclaimed dining and cultural destinations along Sawtelle Blvd.
Executive Summary
1954 Purdue Avenue represents a rare opportunity to acquire a newly constructed luxury multifamily investment in the heart of Prime Sawtelle in West Los Angeles. This boutique triplex comprises three modern residences with a desirable unit mix of 5-, 4-, and 3-bedroom layouts, each thoughtfully designed to rival single-family homes. Fully leased within just two weeks of completion, the property delivers a strong in-place income of approximately $250,800 annually, translating to a true 5.08% cap rate.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$250,800
|
$51.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,524
|
$1.53
|
| Effective Gross Income |
$243,276
|
$49.49
|
| Taxes |
$45,109
|
$9.18
|
| Operating Expenses |
$5,366
|
$1.09
|
| Total Expenses |
$50,475
|
$10.27
|
| Net Operating Income |
$192,801
|
$39.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $250,800 |
| Annual Per SF | $51.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,524 |
| Annual Per SF | $1.53 |
| Effective Gross Income | |
|---|---|
| Annual | $243,276 |
| Annual Per SF | $49.49 |
| Taxes | |
|---|---|
| Annual | $45,109 |
| Annual Per SF | $9.18 |
| Operating Expenses | |
|---|---|
| Annual | $5,366 |
| Annual Per SF | $1.09 |
| Total Expenses | |
|---|---|
| Annual | $50,475 |
| Annual Per SF | $10.27 |
| Net Operating Income | |
|---|---|
| Annual | $192,801 |
| Annual Per SF | $39.22 |
Property Facts
| Price | $3,799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,266,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.08% | Building Size | 4,916 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - Two Family Dwellings | ||
| Price | $3,799,000 |
| Price Per Unit | $1,266,333 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 4,916 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | LAR2 - Two Family Dwellings |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Island Kitchen
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $5,450 | 1,082 |
| 4+4.5 | 1 | $7,600 | 1,874 |
| 5+5 | 1 | $7,850 | 1,960 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4261-029-022 | Total Assessment | $1,200,000 |
| Land Assessment | $1,134,800 | Annual Taxes | $45,109 ($9.18/SF) |
| Improvements Assessment | $65,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
4261-029-022
Land Assessment
$1,134,800
Improvements Assessment
$65,200
Total Assessment
$1,200,000
Annual Taxes
$45,109 ($9.18/SF)
Tax Year
2025
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