Water Views
Address
2910 Acresite Street Los Angeles, CA
Price
$ 2,250,000
Property Attributes
  • MLS#21787676
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaAtwater
  • Zip90039
  • Style
  • Price$ 2,250,000
  • Bedrooms14
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage4898
  • Lot Size10,079 SqFt
Listing Provided Courtesy Of:
Sevak Keshishian with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

We are pleased to present the opportunity to acquire a 5-unit apartment building in Atwater Village, across the river from Elysian Valley (more commonly known as Frog Town). 2910 Acresite Street was built in 1965 and sits on a LAR1 zoned, 10,078 square foot lot with 4,898 square feet of rentable space. 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 gentrifying pockets in the city of Los Angeles.

Price History
9/24/2021 Listed $2,500,000
10/27/2021 10% - $2,250,000

General Features

Appliances Dryer, Washer
Community Features Gated
Listing Agent Sevak Keshishian - BRE#01887505
Listing Agent State License 01887505
Lot Size Square Feet 10079
MLS Area 606 - Atwater
Property Type Residential Income
Security Features Gated Community
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 5
View River
Zoning LAR1

Interior Features

Laundry Features Common Area, Laundry Room

Exterior Features

Lot Size Acres 0.23
Lot Size Area 10079
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Driveway
Total Parking 10
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90039

Price
AVG $1.93M
$2.25M
Visits
AVG 9
2
Year Built
AVG 1937
1965
Walkscore
AVG 70
55
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover