NOT LISTED FOR SALE

3001 Petite Ct Los Angeles, CA 90039

Atwater Village Neighborhood
32 Beds
16 Baths
12,700 Sq Ft
0.45 Acres

Last Sold March 31, 2022

Last sale price $4,000,000 $315 Per Sq Ft

211 Days on Market

About This Home

As of March 2022

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.

Last Agent to Sell the Property

Peter Hauser

Avison Young – Southern CA LTD License #00856966 Listed on: 06/30/2021

Last Buyer's Agent

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831

REMAX COMMERCIAL & INVESTMENT REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.45 Acre Lot

Interior Spaces

  • 12,700 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 16 Bathrooms

Parking

  • 19 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5437-026-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 12700
  • Lot Acreage: 0.4464
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 16.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 354.33

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 19

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 75.55
  • Assessed Improvement Value: 214656
  • Assessed Land Percent: 24.45
  • Assessed Land Value: 69472
  • Total Assessed Value: 284128
  • Assessor Parcel Number: 5437-026-022
  • Lot Size Area: 19447

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.00
  • Number Of Units: 16
  • Total Annual Expense: 138522
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 4.00
  • Vacancy Rate: 4%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $4,000,000 0.0% $315 / Sq Ft
03/31/2022 03/31/22 Off Market $4,000,000 -- --
02/02/2022 02/02/22 For Sale $4,500,000 0.0% $354 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $4,500,000 +12.5% $354 / Sq Ft
12/30/2021 12/30/21 Off Market $4,000,000 -- --
06/30/2021 06/30/21 For Sale $4,500,000 -- $354 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Peter Hauser

    Avison Young – Southern CA LTD

    Section Image
  • Rob Renshaw

    Buyer's Agent in 2022

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    1 in this area

    28 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 21-755218

The MLS

California Los Angeles County Los Angeles 90039 Atwater Village

3001 Petite Ct, Los Angeles, CA

This home is located at 3001 Petite Ct, Los Angeles, CA 90039 since 30 June 2021. This property was built in 1960. 3001 Petite Ct is a home located in Los Angeles County with nearby schools including Atwater Avenue Elementary, Irving STEAM Magnet School, and John Marshall Senior High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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