3001 PETITE COURT, LOS ANGELES, CA 90039

  • 12,700 sqft
  • Lot Size: 19,447 sqft
  • Built in 1960
  • MLS #21755218
For Sale $4,500,000

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.

FACTS / FEATURES

  • Built in 1960
  • Lot Size: 19,447 sqft
  • Style: See Remarks
  • Heating: Wall Furnace

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Listing Provided by Peter Hauser, Avison Young – Southern CA LTD
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.