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3001 Petite Court, Los Angeles, CA 90039
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3001 Petite Court Los Angeles, CA 90039

$4,000,000 Sold Price as of 03/31/2022
  • 32 Beds
  • 16 Baths
  • 12,700 Sq.Ft.
Sold
$4,000,000 Sold Price as of 03/31/2022 Refinance Your Mortgage
Map preview of 3001 Petite Court, Los Angeles, CA 90039

Property Overview: 3001 Petite Court Los Angeles, CA has 32 bedrooms, 16 bathrooms, 12,700 living square feet and 19,447 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Peter Hauser | BRE #00856966 | Avison Young – Southern CA LTD
Last checked: 14 minutes ago | Last updated: April 6th, 2022 | Source CRMLS | DOM: 245

Home details

Lot Sq. Ft
19,447
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21755218
City
Los Angeles
County
Los Angeles
Time on Site
1177 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,039
  • Total Rent: $4,156
  • Pro Forma/Market Rent: $6,700
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,197
  • Total Rent: $9,576
  • Pro Forma/Market Rent: $15,000
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $5,320
  • Pro Forma/Market Rent: $8,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $240,518
  • Gross Operating Income: $379,040
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3001 Petite Court

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 5437026022
  • Architectural Style: See Remarks
Location / Neighborhood
Location Information
  • Directions: Located off of Petit Court and Hollydale Drive in Los Angeles, just north of Echo Park and Silverlake.
View more facts & features

Local Los Angeles Agent

Sale History for 3001 Petite Court

Last sold for $4,000,000 on March 31st, 2022

  • June, 2021

  • Jun 30, 2021

    Date

    Active

    CRMLS: 21755218

    $4,500,000

    Price

Tax History for 3001 Petite Court

Assessed Value (2020): $285,788
Year Land Value Improved Value Assessed Value
2020 $69,472 $216,316 $285,788

Home Value Compared to the Market

This property vs the competition

3001 Petite Court sold on March 31, 2022 for 301.79% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $354.33 per/sqft which puts the price per square foot 51.06% lower than the current median sale per square foot for the city of Los Angeles.

About 3001 Petite Court

Detailed summary of property

3001 Petite Court is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 32 bedrooms, 16 bathrooms, roughly 12,700 living square feet, and sits on an approximately 19,447 square foot lot. 3001 Petite Court was first listed on ArdentRealEstateGroup.com on July 1, 2021. The homeowner sold the property for $4,000,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 301.79% higher than the current median priced home. Local homes that are currently for sale include 4167 Oakwood Ave, 724 N Kingsley Dr and 233 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 106 days, 3001 Petite Court has a days on market of 245 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3001 Petite Court Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3001 Petite Court

Public county record property details
Beds
--
Baths
16
Year built
1960
Sq. Ft.
12,444
Lot Size
19,427
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
229
APN
5437-026-022

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,688,880
Median List Price/Sq.Ft.
$942
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 3001 Petite Court

3223 Hollydale Dr, Los Angeles, CA 90039
$720,000 Last Sold Price
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2 Baths
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3223 Hollydale Dr
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2924 Gracia St, Los Angeles, CA 90039
$1,075,000 Last Sold Price
5 Beds
3 Baths
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2924 Gracia St
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3243 Glenhurst Ave, Los Angeles, CA 90039
$1,295,000 Last Sold Price
6 Beds
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3243 Glenhurst Ave
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3314 Glenhurst Ave, Los Angeles, CA 90039
$1,289,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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