Atwater Village, CA 90039,3137 Perlita AVE

$1,100,000

$1,200,000

8.3%
Est.Price: ?

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Est. payment /mo

5,397 Sqft Lot


SOLD DATE : 02/19/2021

Key Details

Sold Price $1,100,000

Property Type Other Types

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR20249299

Sold Date 02/19/21

HOA Y/N No

Year Built 1961

Lot Size 5,397 Sqft

Property Description

First time for sale since 1991. 4-unit value-add apartment investment opportunity in Atwater Village area of Los Angeles (bordered by Los Feliz and Silver Lake). Based on rent comparable of upgraded units in the area, the offering provides a potential CAP Rate of over 8%. The property has new roof that was installed in 2017. The property is a 2-story garden style apartment that was built in 1961. It has an excellent unit mix of 2 x 2bedroom+1bathroom and 2 x 1bedroom+1bathroom units. It is situated on a 5,399 SF lot and offers 4 carport parking. There is no tuck-under parking which eliminates any soft-story retrofit requirements. It has shared laundry area in the back (seller own machines). Each unit is separately metered for electricity and gas. Each unit is occupied by long-time tenants that are on month-to-month lease. Each unit has windows A/C, wall heater, individual water heater, laminate kitchen countertop, and tiled bathroom. None of the units have been upgraded (unit #1 has updated flooring, the other 3 are on carpet).

Location

State CA

County Los Angeles

Area 606 - Atwater

Zoning LARD2

Interior

Heating WallFurnace

Cooling WallWindowUnits

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance GasRange

Laundry CommonArea

Exterior

Garage Assigned

Carport Spaces 4

Pool None

Community Features Urban

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected

Total Parking Spaces 4

Private Pool No

Building

Lot Description StreetLevel

Story 2

Entry Level Two

Sewer PublicSewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5436010034

Acceptable Financing Cash, CashtoNewLoan

Listing Terms Cash, CashtoNewLoan

Financing CashtoNewLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Handoko Chen • GIG Real Estate Inc.
Bought with Amelita Bautista • Keller Williams R. E. Services
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41823 Enterprise Circle N #130, Temecula, CA, 92590, USA

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