2910 Acresite St Los Angeles, CA 90039
Apartment complex near Los Angeles Riverwalk with significant rental upside.
Lot size:
0.23 AcresProperty Features for 2910 Acresite St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1965
Source:
Elliman
Listing Agent: Matthew Mcpherson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Los Angeles Multifamily Investment Opportunity
Located at 2910 Acresite Street, this apartment complex is the only one on the block. The building offers a diverse unit mix, featuring four 3-bedroom units and one 2-bedroom, 1.5-bathroom townhouse, providing potential tenants with desirable living options. The property includes 4,898 square feet of living space on a 10,082 square foot lot. There are 10 assigned parking spaces available. An on-site laundry room adds convenience, and wall/window air conditioning ensures comfort. Upgrades include new electrical panels in each unit, an updated main electrical panel, updated dual pane windows on front units, and fresh exterior paint. Updated kitchens, bathrooms, and flooring are present in two of the units. Situated on a prominent corner lot next to an entrance of the Los Angeles Riverwalk, this property is poised to benefit from the 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. Investors may find potential with over a 39% upside in gross rent collections as demand in the area continues to rise.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.25934
- Latitude
- 34.11018
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Apartment complex near Los Angeles Riverwalk with significant rental upside.
Where is this apartment building located?
The property is located at 2910 Acresite St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: - Prime location next to the Los Angeles Riverwalk entrance.; - Significant rental income upside with over 39% in gross rent collections.; - Desirable unit mix: Four 3-bedroom units and One 2-bedroom townhouse.
