Petite Court
Los Angeles, California
Building
Stats
- Property Type Multifamily - High-Rise
- Building size (SF) 12,700
- Price $4,500,000
Overview
The LA Petite apartment investment is an ideal opportunity for an investor to take advantage of improving sub-market fundamentals. Additionally, tenants enjoy being near retail, while having to drive only a short distance to freeway access.
Another major advantage of LA Petite is the ability to increase the properties rental income to market levels under the rent control guidelines. The properties 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.