2049 Purdue Ave, Los Angeles, CA 90025
2049 Purdue Ave, Los Angeles, CA 90025
2049 Purdue Ave, Los Angeles, CA 90025
2049 Purdue Ave, Los Angeles, CA 90025
2049 Purdue Ave, Los Angeles, CA 90025
2049 Purdue Ave, Los Angeles, CA 90025
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$ 1,188,000
Est. payment | /mo

2 Beds

2 Baths

1,229 SqFt


Save
$ 1,188,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,229 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,229 sqft

Price per Sqft $966

MLS Listing ID 26997377

Style Bungalow

Bedrooms 2

Construction Status Value Mainly In Land

Year Built 1913

Lot Size 7,782 Sqft

Acres 0.1787

Property Sub-Type Multi-Family

Property Description

2 homes for the price of 1! This original yet renovated duplex, on arguably Sawtelle Japantown's most ACTIVE avenue, is literally being swallowed up by NEW developments all around and is primed for opportunity on its oversized 7,782 square foot LAR2 lot (52.75'x147.5' per assessor). Featuring matching 1+1 floor plans, laminate and tile floors, redone kitchens and baths, individual laundry areas, as well as a shared detached 2-car garage (future ADU?), it's not surprising that the existing tenants love living here! One tenant is currently paying $1760/month and the other tenant is currently paying $1600/month & current expenses include gardening ~$1800/yr, insurance ~$1262.30/yr, LAHD registration fee ~$213.38/yr, and water ~$1800/yr. Explore for yourself the sale prices of other duplexes and single family homes on similar lot sizes and discover this unequivocal value. Although it's being sold "as-is" for land value only, creative end users might considering living in one unit while generating income from the other unit (check with LAHD regarding relocation), discerning investors will love the value add proposition by increasing rental revenue through strategic capital improvements and/or constructing additional units (check with LADBS/LAHD), and savvy developers should investigate the Citywide Housing Incentive Program for potential density bonuses, as well as checking with the city to determine the highest and best use of this exceptional parcel nestled between Brentwood, Santa Monica, Westwood, and Mar Vista. Subject to LAHD rent control, both units will be delivered with tenants in place (no vacancies) and seller cannot and will not deliver any vacant units or ask tenants to vacate or ask about cash for keys or carryback paper - no exceptions. Please DO NOT DISTURB tenants or walk property since it is under 24-hour video surveillance.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Natural Gas, Wall

Cooling None

Flooring Tile, Laminate

Fireplaces Type None

Equipment Refrigerator, Range/Oven, Freezer

Exterior

Parking Features Driveway, Garage - 2 Car, Garage Is Detached

Garage Spaces 2.0

Waterfront Description None

View Y/N No

View None

Building

Story 1

Sewer In Street

Water Public

Architectural Style Bungalow

Level or Stories One

Construction Status Value Mainly In Land

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Compass

Nearby Locations

Joahna Flores

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2049 Purdue Ave

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