2910 Acresite St - Apartments FOR SALE


Los Angeles, CA 90039- Atwater Village
$2,300,000 USD
310-963-5003
2910 Acresite St, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/29
null | 5.16% Cap Rate

2910 Acresite St
Los Angeles, CA 90039
Atwater Village


HIGHLIGHTS

  • Side the LA River
  • Great view from the 2nd Floor Units
  • Rare 3 Bedroom units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

5

PRICE/UNIT

$460,000

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R1-1, Los Angeles

APN/PARCEL ID

5437-026-001

ASK ABOUT THIS PROPERTY

Matt McPhersonCompassMore Info
310-963-5003

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Matt McPhersonCompassMore Info
310-963-5003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.