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Listed by Matthew McPherson • Compass
$2,300,000
Est. payment /mo
10,082 Sqft Lot
New
2910 Acresite ST Los Angeles, CA 90039
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25089239
Originating Board California Regional MLS
Year Built 1965
Lot Size 10,082 Sqft
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.
Location
State CA
County Los Angeles
Area 606 - Atwater
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 5437026001
Special Listing Condition Not Applicable
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