10-Unit Apartment
1807 Purdue Ave, Los Angeles, CA 90025
For Sale
New
$2,595,000
The residences comprise eight one-bedroom apartments and two studios, with tandem parking on site.
Property Size6,712 SF
Days on Market7
Property Features for 1807 Purdue Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Tierra Properties
Listed By:
Irma Vargas · License CA #00467438
(310) 930-6187
Source:
Milsteinestates
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 6:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tierra Properties
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Investment Insights
Based on property information with market context.
Built in 1962, this 10-unit apartment property includes eight one-bedroom apartments and two studios. Eight tandem parking spaces are also on site. Completed property work includes seismic retrofitting, balcony inspections, and electrical upgrades. The parking area may offer a basis for exploring accessory dwelling unit development, subject to feasibility and City of Los Angeles requirements and approvals.
The property is in West Los Angeles, near Sawtelle, Brentwood, Westwood, and Santa Monica. Dining, shopping, transportation, employment centers, and other Westside amenities are identified as nearby in the surrounding area.
The property is in West Los Angeles, near Sawtelle, Brentwood, Westwood, and Santa Monica. Dining, shopping, transportation, employment centers, and other Westside amenities are identified as nearby in the surrounding area.
Key Highlights
- 10 apartments: eight one‑bedroom units and two studios
- Eight tandem parking spaces
- Completed seismic retrofit work, balcony inspections, and electrical upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,001
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,020
$2.2M
Cap Rate 7%
$1,542,871
$1.5M
Cap Rate 9%
$1,200,011
$1.2M
Market Conditions
NOI Build-Up for 6,712 SF
Gross rent
$213.4K $31.80/SF
− Vacancy
−$17.1K −$2.54/SF
EGI
$196.4K $29.26/SF
− OpEx
−$88.4K −$13.17/SF
NOI
$108.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,020
Cap Rate 7%
$1,542,871
Cap Rate 9%
$1,200,011
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,001 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,164 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
6,470
Businesses Nearby
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Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residences comprise eight one-bedroom apartments and two studios, with tandem parking on site.
Where is this apartment building located?
The property is located at 1807 Purdue Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 10 apartments: eight one‑bedroom units and two studios; Eight tandem parking spaces; Completed seismic retrofit work, balcony inspections, and electrical upgrades
