REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
Welcome to 2910 Acresite Street, the only apartment complex on the block! A standout opportunity in the vibrant landscape of Los Angeles real estate with riverfront VIEWS! The building features a diverse unit mix, Four - 3 Bedroom Units and One 2 bedroom, 1.5-bathroom townhouse. These configurations provide potential tenants with desirable living options, ensuring a broad appeal. Ample parking is available, with 10 assigned spaces, easing the urban parking woes of future residents. An on-site laundry room adds convenience, while the inclusion of wall/window air conditioning ensures comfort throughout the year. With a generous 4,898 square feet of living space on a 10,082 square foot lot, this property is designed to accommodate and impress. Upgrades include, new electrical panels in each unit, updated main electrical panel, updated dual pane windows on front units, fresh exterior paint. Updated kitchens, bathrooms and flooring in two of the units. Located on a prominent corner lot next to an entrance of the Los Angeles Riverwalk, this property is poised to benefit from the ambitious North Atwater East Bank Riverway Project. This project promises to transform a 2.2-mile stretch into a multi-use, accessible riverway, perfect for recreation and leisure. This enhancement not only augments the lifestyle appeal of the area but also positions the property for significant rental value appreciation. Investors will find exceptional potential here, with over a 39% upside in gross rent collections as demand in the area continues to rise. Don't miss the opportunity to capitalize on this value-add deal in one of LA's rapidly developing neighborhoods. Explore your investment potential at 2910 Acresite Street--where urban living meets strategic opportunity.
Location
State CA
County Los Angeles
Area 606 - Atwater
Zoning LAR1
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry Community
Exterior
Parking Features Assigned
Pool None
Community Features Suburban
Building
Lot Description Lot 10000-19999 Sqft
Sewer Public Sewer