4047 Perlita Ave

We are pleased to present an eight (8) unit apartment building located at 4047-4053 Perlita Avenue in Los Angeles, California. The subject property is situated in the best location of Atwater Village, north of Los Feliz Boulevard and east of the Los Feliz Golf Course. Built in 1947, this property contains a streamlined unit mix of eight (8) two-bedroom / one-bathroom units spread across two (2) detached buildings. The buildings share a lush center courtyard that acts as a large open-air patio. The driveway leads to the rear of the property with ample on-site carport parking available. Plans are nearly approved to convert the apartment units to condos, and there is potential to convert some of the carport space into at least two (2) ADU units. Tenants will adore living in a quiet residential pocket right down the street from incredible retail, restaurant, and entertainment amenities along Los Feliz Boulevard. Some of these include Costco, Bigfoot Lodge, The Morrison, The High Low, the Village Bakery and Cafe, Best Buy, Mimi's Cafe, and many more. Outdoor recreation is also available just a couple blocks away at the Los Feliz Golf Course and the Los Angeles River. Situated in the best location of Atwater Village, this offering presents an excellent opportunity for any investor to capitalize on over 85% rental upside potential in the most sought after submarket in Los Angeles.