top of page

4047-4053 Perlita Ave

4047 Perlita Avenue, Los Angeles, CA, USA

For Sale

$2,550,000

Property Description

Marcus and Millichap is 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.

Tucked between Glendale, Los Feliz, and Eagle Rock is the trendy, two-square-mile neighborhood of Atwater Village. In the past, Atwater Village was home to many employees of the nearby Department of Water and Power substation. However, the community eventually grew to include more residents, ranging from Hollywood talent and creatives to business entrepreneurs. This neighborhood is now known as a millennial magnet thanks to its proximity to hip restaurants and thrift shops, its active nightlife, and its high walkability. For residents who don’t like driving, there’s no need to even own a vehicle in Atwater Village. For those who prefer driving, this neighborhood is also located near the 5, 134, and 110 freeways. Atwater Village is an extremely walkable and bicycle-friendly neighborhood with several walking and bike paths heading towards Griffith as well as the LA River. According to Walk Score, Atwater Village is among LA’s most walkable neighborhoods with a score of 74, which means most of your errands can be accomplished on foot. For transit-goers, the neighborhood is also conveniently near public transportation, including various Metro bus and train stations.

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.

Contact Agent

Jason Tuvia

818.212.2735

Unit Mix

Eight (8) 2-Bedroom / 1-Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

8,468 SF

Total Units

Year Built

1947

Property Location

4047 Perlita Avenue, Los Angeles, CA, USA

Property Description

Marcus and Millichap is 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.

Tucked between Glendale, Los Feliz, and Eagle Rock is the trendy, two-square-mile neighborhood of Atwater Village. In the past, Atwater Village was home to many employees of the nearby Department of Water and Power substation. However, the community eventually grew to include more residents, ranging from Hollywood talent and creatives to business entrepreneurs. This neighborhood is now known as a millennial magnet thanks to its proximity to hip restaurants and thrift shops, its active nightlife, and its high walkability. For residents who don’t like driving, there’s no need to even own a vehicle in Atwater Village. For those who prefer driving, this neighborhood is also located near the 5, 134, and 110 freeways. Atwater Village is an extremely walkable and bicycle-friendly neighborhood with several walking and bike paths heading towards Griffith as well as the LA River. According to Walk Score, Atwater Village is among LA’s most walkable neighborhoods with a score of 74, which means most of your errands can be accomplished on foot. For transit-goers, the neighborhood is also conveniently near public transportation, including various Metro bus and train stations.

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.

Contact Agent

Jason Tuvia

818.212.2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Eight (8) 2-Bedroom / 1-Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Atwater Village

Price

$2,550,000

Price per Unit

$318,750

Price per SF

$301.13

Status

For Sale

Size

8,468 SF

Total Units

8

Year Built

1947

Property Location

4047 Perlita Avenue, Los Angeles, CA, USA

bottom of page