X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST LOS ANGELES-A private investor based in Los Angeles has purchased a 24-unit apartment complex at 2434 Purdue Ave. from Purdue Avenue Development Co. of Beverly Hills for $3.1 million, according to the Charles Dunn Co.

Paul C. Krikorian of Dunn’s West Los Angeles office represented the buyer, with Purdue Avenue Development representing itself. Krikorian says the property is in a quiet residential neighborhood near the 405 Freeway, with ample parking, pool, elevator and a number of other features.

The one-building complex of wood frame and stucco construction was built in 1965. It consists of 21 one-bedroom units plus three two-bedroom, two-bath units. The apartments average 722 sf in size; all but one of the units were occupied at the time of the sale. The one-bedroom apartments rent for $675 to $1,325 per month, with the two-bedrooms renting for $889 to $1,700 monthly. The seller had owned the property since 1999.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.