Los Angeles, CA 90039,3001 Petite CT
Los Angeles, CA 90039,3001 Petite CT
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$4,000,000

$4,500,000

11.1%
Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 03/31/2022

Key Details

Sold Price $4,000,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21755218

Sold Date 03/31/22

HOA Y/N No

Year Built 1960

Lot Size 0.446 Acres

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.

Location

State CA

County Los Angeles

Area 606 - Atwater

Zoning LAR1

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned

Total Parking Spaces 19

Building

Story 2

Architectural Style See Remarks

New Construction No

Others

Senior Community No

Tax ID 5437026022

Special Listing Condition Standard

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CRMLS – RECore
Listed by Peter Hauser Avison Young – Southern CA LTD
Bought with Robert Renshaw REMAX COMMERCIAL & INVESTMENT REALTY

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agent
Carlos Gutierrez

REALTOR | Lic# Lic# 01461743

+1(951) 522-8059

121 S. Mountain Ave., Upland, CA, 91786

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