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    3001 Petite Court

    Los Angeles (City), CA 90039
    • $4,500,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 21755218
    UPDATED: 173 min ago
    $4,500,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/118875811
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    3001 Petite Court Los Angeles (City), CA 90039

    • Price: $4,500,000
    • Status: Active
    • Updated: 173 min ago
    • ID#: 21755218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    1960
    Built
    Neighborhood:
    606 - Atwater
    County:
    Los Angeles
    Area:
    606 - 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

    Architectural Style Other Parking Features Assigned

    Interior Features

    Appliances Refrigerator Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 366000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 240518 Senior Community YN No Special Listing Conditions Standard Zoning Lar1

    Listing provided courtesy of Peter Hauser of Avison Young €€Œ Southern Ca Ltd


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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    Brandon Hobbs Group | Compass
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