Est. cap rate

1.6%

Assumed rent, all units

$10,320/mo

Units

3

Price per unit

$1,266,333

Est. annual NOI

$61,920

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

4,916 sqft

Lot size

4,001 sqft

Year built

2026

Stories

3

Garage spaces

0

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

View

City Lights,Neighborhood

Status

Active

Days on market

1

MLS #

242515887

About this property

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.

Location

1954 Purdue

Sawtelle, Los Angeles, CA, 90025