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3001 Petite Ct

Los Angeles, CA 90039
  • $4,500,000
  • STATUS: Active
  • ON SITE: 114 Days
  • ID#: 21-755218
UPDATED: 109 min ago
$4,500,000
  • 32
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,700
    SQFT
  • $354
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

The LA Petite apartment investment is an ideal opportunity for an investor to take advantage of improving submarket fundamentals. Tenants enjoy being near retail, while having to drive only a short distance to freeway access. Another major advantage of the LA Petite is the ability increase the properties rental income to market levels under the rent control guidelines. The proper-ties rent levels are below market and al-low the new owner to take advantage of increasing rents to market levels over time. The property is located near major employment sectors of Los Angeles, near Atwater Village and Dodger Stadium. LA Petite investment opportunity offers projected long-term market stability, positive rental growth fundamentals, with tax and long-term appreciation benefits.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T23:43:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/118873581
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3001 Petite Ct Los Angeles, CA 90039

  • Price: $4,500,000
  • Status: Active
  • Updated: 109 min ago
  • ID#: 21-755218
32
Beds
0
Baths
0
½ Baths
0.45
Acres
12,700
SQFT
$354
$/SQFT
1960
Built
Neighborhood:
Atwater
County:
Los Angeles
Area:
Atwater
Property Description
The LA Petite apartment investment is an ideal opportunity for an investor to take advantage of improving submarket fundamentals. Tenants enjoy being near retail, while having to drive only a short distance to freeway access. Another major advantage of the LA Petite is the ability increase the properties rental income to market levels under the rent control guidelines. The proper-ties rent levels are below market and al-low the new owner to take advantage of increasing rents to market levels over time. The property is located near major employment sectors of Los Angeles, near Atwater Village and Dodger Stadium. LA Petite investment opportunity offers projected long-term market stability, positive rental growth fundamentals, with tax and long-term appreciation benefits.
Exterior Features

Lot Size Area 19447 Other Structures Other Parking Garage Assigned Style Other Total Parking 19

Interior Features

Baths Total 16.00 Cooling Wall Unit(S) Equipment Refrigerator Heating Wall

Property Features

Assessed Total Value 284128 Gross Income 366000 Gross Operating Income 379040 Like Units1 4 Like Units2 8 Like Units3 4 Net Operating Income 240518.00 Number Of Buildings 2 Number Of Units 16 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 138522 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Peter Hauser DRE#00856966 of Avison Young €€Œ Southern Ca Ltd.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T23:43:01.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064