3137 Perlita Avenue Atwater Village, CA
$ 1,200,000
Property Attributes
  • MLS#AR20249299
  • TypeIncome
  • CityAtwater Village
  • AreaAtwater
  • Zip90039
  • Style
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2812
  • Lot Size5,397 SqFt
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
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).

Price History
12/2/2020 Listed $1,200,000

General Features

Appliances Gas Range
Assessments Buyer to Verify
Attached Structure Attached
Carport Spaces 4.00
Community Features Urban
Cooling Wall/Window Unit(s)
Directions South of Glendale blvd
Flooring Carpet, Vinyl
Garage Spaces 0.00
HOA Fee 0.00
Heating Wall Furnace
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 606 - Atwater
Parking Features Assigned
Pool Features None
Price Per Square Foot 426.74
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Zoning LARD2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area
Laundry Y/N Yes
Number of Wall ACs 4
Range Count 4
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 2812.00
Lot Features Level with Street
Lot Size Acres 0.1239
Lot Size Area 5399.0000
Lot Size Source Assessor
Lot Size Square Feet 5399.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 4.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90039

AVG $1.5M
AVG 33
Year Built
AVG 1942
AVG 68
Data Provided by Walkscore ® not using MLS data

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