2910 Acresite ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90039
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25089239
Year Built 1965
Lot Size 10,084 Sqft
Property Sub-Type Mixed Use
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 Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Suburban
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard