Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

5

Building size

4,898 sqft

Lot size

10,082 sqft

Year built

1965

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

3

MLS #

248399853

About this property

Spacious units, substantial upgrades, and a standout Atwater Village location make 2910 Acresite Street an exciting opportunity to start or expand your investment portfolio. Positioned on a prominent corner lot beside an entrance to the Los Angeles Riverwalk, this five-unit property offers river views and an established rental base—with a recent retrofit and SB 721 compliance for exterior elevated elements (EEE) adding to its appeal. The property features approximately 4,898 square feet across two buildings on a 10,082-square-foot lot. Its desirable unit mix includes four 3-bedroom, 2-bath apartments and one 2-bedroom, 1.5-bath townhouse. All five units are occupied, and residents benefit from ten assigned parking spaces, an on-site laundry room, and separately metered gas and electricity. Significant improvements include new electrical panels in each unit, an updated main electrical panel, fresh exterior paint, and updated dual-pane windows in the front units. Two residences also feature updated kitchens, bathrooms, and flooring. Together with the recent retrofit and EEE compliance, these improvements give the next owner a strong starting point, with opportunities to further enhance the property over time. With Riverwalk access right next door, residents can enjoy outdoor recreation just steps from home. Generously sized residences, practical amenities, and substantial completed improvements make 2910 Acresite Street a compelling investment opportunity in Atwater Village.

Location

2910 Acresite Street

Los Angeles, Los Angeles, CA, 90039