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Listed by Matthew A. McPherson • Compass
$ 2,300,000
Est. payment /mo
Active
2910 Acresite Street Los Angeles, CA 90039
4,898 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,898 sqft
Price per Sqft $469
MLS Listing ID BB-25089239
Year Built 1965
Lot Size 10,082 Sqft
Property Sub-Type Commercial/Residential
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
Zoning LAR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Community
Exterior
Parking Features Assigned
Pool None
Community Features Suburban
Building
Lot Description Lot 10000-19999 Sqft
Sewer Public Sewer