2511 Purdue Avenue, Los Angeles, California 90064, Los Angeles, 90064 - 5 bed, 4 bath

2511 Purdue Avenue, Los Angeles, California 90064 home-pic-0
ACTIVE$2,196,000
2511 Purdue Avenue, Los Angeles, California 90064
5Beds
4Baths
2,596Sqft
6,985Lot
Year Built
1941
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$846
HOA
-
Days on market
-
Sold On
-
MLS number
24466249
Home ConditionExcellent
Features
Deck
Patio
ViewCourtyard

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.20M(47th), sqft - 2596(74th), beds - 5(81th), baths - 4(73th).

Two Homes on One Lot! Nestled in a peaceful cul-de-sac, this unique property presents the perfect investment opportunity, offering two beautifully designed homes with modern amenities and thoughtful touches throughout. Together, these homes generate an impressive $10,550 per month, with tenants paying all utilities. The front unit, 2511, is a 1,402 sq. ft. home with three bedrooms and two bathrooms, currently bringing in $6,350/month in rental income. It seamlessly blends contemporary updates with comfort. The beautifully landscaped front and backyards create a welcoming atmosphere, while the interior features luxury plank flooring, recessed lighting, an electric fireplace, and abundant natural light. The fully renovated kitchen is a chef's dream, boasting Quartz countertops, a subway tile backsplash, custom cabinetry, and stainless steel appliances, including a stackable washer and dryer. The primary suite offers a tranquil retreat with a spa-like bathroom. Comfort is further enhanced by central air conditioning and heating, controlled by a Nest smart thermostat. The rear unit, 2509, is a brand-new 2024 two-story 1,194 sq. ft. townhome ADU, currently rented at $4,200/month. This modern residence is designed with style and functionality in mind, featuring luxury plank flooring, recessed lighting, skylights, and double-pane windows that flood the space with natural light. The kitchen showcases Quartz countertops, a breakfast bar, stainless steel appliances, and elegant lighting. The primary suite boasts a spacious customized closet, a private balcony, and a boutique hotel-inspired bathroom. Like the front home, it is equipped with central air conditioning and heating, managed by a Nest thermostat.Conveniently located near the vibrant dining and shopping destinations of Sawtelle Japantown, with easy access to the 405 and 10 freeways, Westwood, Culver City, and Santa Monica, this property is a rare gem in West LA.

Price History

Date
Event
Price
01/26/23
Sold
$1,260,000
09/13/22
Sold
$1,260,000
Condition Rating
Excellent

This property features two distinct homes. The rear unit is a brand-new 2024 ADU, making it newly built. The front unit, while originally built in 1941, has undergone extensive and recent renovations, including a 'fully renovated kitchen' with Quartz countertops, subway tile backsplash, custom cabinetry, and stainless steel appliances, as well as 'spa-like bathrooms.' Both units boast luxury plank flooring, recessed lighting, and modern central air conditioning/heating with Nest smart thermostats. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Dual Income-Generating Property: The property features two distinct homes on one lot, generating a substantial combined rental income of $10,550 per month with tenants covering all utilities, offering an excellent investment opportunity.
Brand New ADU Construction: The rear unit is a newly built (2024) two-story townhome ADU, boasting modern design, high-end finishes, and contemporary amenities, ensuring low maintenance and high tenant appeal.
Extensively Renovated Front Unit: The front unit has undergone significant modern updates, including a fully renovated kitchen with Quartz countertops and stainless steel appliances, luxury plank flooring, recessed lighting, and central air conditioning.
Prime West Los Angeles Location: Nestled in a peaceful cul-de-sac, the property offers convenient access to vibrant Sawtelle Japantown, major freeways (405 & 10), Westwood, Culver City, and Santa Monica, enhancing its desirability and rental demand.
Modern Comforts & Smart Home Features: Both units are equipped with central air conditioning and heating, Nest smart thermostats, and updated interiors, providing comfortable living spaces that appeal to contemporary renters.

Cons

Significant Price Discrepancy: The current listing price is 24% higher than the property's estimated value, which may require a strong justification of the recent improvements to potential buyers.
Age of Original Structure: While the front unit is renovated, the original home was built in 1941, suggesting potential underlying infrastructure (e.g., plumbing, electrical beyond cosmetic updates) that may be older and could require future attention.
Landlord Responsibilities: Managing two separate rental units entails ongoing landlord responsibilities, including tenant relations, maintenance, and potential vacancy periods, which may not suit all buyers.

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