33
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$2,300,000
Est. payment /mo
10,084 Sqft Lot
New
2910 Acresite ST Los Angeles, CA 90039
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25080332
HOA Y/N No
Year Built 1965
Lot Size 10,084 Sqft
Lot Dimensions Assessor
Property Sub-Type Multi Family
Property Description
This low maintenance property features an excellent unit mix of one
(1) 2 Bed/1.5 Bath townhouse unit and four (4) 3 Bed/2 Bath units
with ample parking and an on-site laundry room. An incoming
investor can capitalize on over 39% upside in potential gross rent
collections in this value-add deal, as rents in the area have
continued to skyrocket.
The property is on the corner lot of Acresite Street, right next to an
entrance to the Los Angeles Riverwalk, where The North Atwater
East Bank Riverway Project will transform 2.2 miles of existing
asphalt maintenance road into a clearly-marked, multi-use,
accessible riverway from the 134 Freeway to Los Feliz Blvd. Future
tenants will have ease of accessing this area for exercise and
entertainment, significantly boosting the property's potential for
future rents as the area continues to be one of the most rapidly.
(1) 2 Bed/1.5 Bath townhouse unit and four (4) 3 Bed/2 Bath units
with ample parking and an on-site laundry room. An incoming
investor can capitalize on over 39% upside in potential gross rent
collections in this value-add deal, as rents in the area have
continued to skyrocket.
The property is on the corner lot of Acresite Street, right next to an
entrance to the Los Angeles Riverwalk, where The North Atwater
East Bank Riverway Project will transform 2.2 miles of existing
asphalt maintenance road into a clearly-marked, multi-use,
accessible riverway from the 134 Freeway to Los Feliz Blvd. Future
tenants will have ease of accessing this area for exercise and
entertainment, significantly boosting the property's potential for
future rents as the area continues to be one of the most rapidly.
Location
State CA
County Los Angeles
Area 606 - Atwater
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Fence Block, Wood
Waterfront Description River Front
Total Parking Spaces 10
Building
Lot Description Front Yard, Irregular Lot, Street Level
Story 2
Water Public
Others
Tax ID 5437026001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Matthew McPherson • Compass • 310-963-5003
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