Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

1,229 sqft

Lot size

7,782 sqft

Year built

1913

Stories

1

Garage spaces

2

Style

Bungalow

Heating

Natural Gas,Wall Furnace

Cooling

None

View

None

Status

Active

Days on market

0

MLS #

248944212

About this property

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! 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

2049 Purdue Avenue

Los Angeles, Los Angeles, CA, 90025