$4,000,000
$4,500,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Robert Renshaw REMAX COMMERCIAL & INVESTMENT REALTY
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