2910 Acresite Street new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90039
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,898 sqft
Price per Sqft $469
MLS Listing ID CRBB25089239
Year Built 1965
Lot Size 10,082 Sqft
Property Sub-Type Other
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Community Facility
Building
Water Public