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    3001 Petite Ct

    Los Angeles, CA 90039
    • $4,500,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 21-755218
    UPDATED: 56 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 2021-09-25T10:42:36.593. 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.jelmbergteam.com/homes/118873581
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    3001 Petite Ct Los Angeles, CA 90039

    • Price: $4,500,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 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 2021-09-25T10:42:36.593. 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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    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211