Courtesy of: Peter Hauser 00856966 | Avison Young – Southern CA LTD
Purchase Type: Sale
MLS ID: 21-755218
Days On Market: 113
Square Footage: 12,700 Sq ft
Lot size: 0.447
Property Type: Residential Income
Property Subtype: Apartment Building
Swimming Pool: No
Address: 3001 Petite Ct
County: Los Angeles
City: Los Angeles
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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