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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.

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