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.
Property Details
Price:
$2,300,000
MLS #:
BB25080332
Status:
Active
Baths:
0
Address:
2910 Acresite Street
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
606atwater
City:
Los Angeles
Listed Date:
Apr 12, 2025
State:
CA
ZIP:
90039
Year Built:
1965
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Fencing
Block, Wood
Parking Spots
10.00
Stories Total
2
Water Source
Public
Financial
Map
Contact Us
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2910 Acresite Street
Los Angeles, CA
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