Skip To Content

2910 Acresite St

Los Angeles, CA 90039
  • $2,250,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 21-787676
UPDATED: 44 min ago
$2,250,000
  • 14
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,898
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/121767639
Print Image

2910 Acresite St Los Angeles, CA 90039

  • Price: $2,250,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 44 min ago
  • MLS #: 21-787676
14
Beds
0
Baths
0
½ Baths
0.23
Acres
4,898
SQFT
$459
$/SQFT
1965
Built
Neighborhood:
Atwater
County:
Los Angeles
Area:
Atwater
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.
Exterior Features

Lot Description 5 + Lots Lot Location Corner LotRiver Front Lot Size Area 10079 Other Structures None Parking Garage Driveway Total Parking 10 View Description River View YN Yes

Interior Features

Baths Total 10.00 Cooling Window Unit(S) Equipment DryerWasher Heating Other Laundry CommunityRoomLaundry Area

Property Features

Assessed Total Value 1173663 Gross Income 1260202 Gross Operating Income 123045 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 80648.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42397 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-787676-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-787676-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-787676-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210