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2910 Acresite Street, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath

2910 Acresite Street, Los Angeles, California 90039 home-pic-0
ACTIVE$2,300,000
2910 Acresite Street, Los Angeles, California 90039
0Bed
0Bath
4,898Sqft
10,082Lot
Year Built
1965
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$470
HOA
-
Days on market
-
Sold On
-
MLS number
BB25241762
Home ConditionFair
Features
Good View:
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.30M(50th), sqft - 4898(50th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

4/10
Atwater Avenue Elementary School
Public,•K-6•0.4mi
9/10
Ivanhoe Elementary School
Public,•K-5•0.5mi
8/10
Allesandro Elementary School
Public,•K-6•0.8mi
5/10
Glenfeliz Boulevard Elementary School
Public,•K-6•1.0mi
6/10
Cerritos Elementary School
Public,•K-6•1.1mi
4/10
Fletcher Drive Elementary School
Public,•K-6•1.2mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.5mi
5/10
Columbus Elementary School
Public,•K-5•3.0mi
7/10
Balboa Elementary School
Public,•K-6•5.1mi
6/10
Irving STEAM Magnet
Public,•6-8•1.2mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.6mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•1.7mi
7/10
Eleanor J. Toll Middle School
Public,•6-8•3.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.1mi
6/10
Glendale High School
Public,•9-12•2.9mi
7/10
Herbert Hoover High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
10/17/25
Listing
$2,300,000
05/03/22
Sold
$2,000,000
08/06/14
Sold
$1,068,000
Condition Rating
Fair
The property, built in 1965, has received significant capital improvements including new electrical panels, an updated main electrical panel, updated dual-pane windows on front units, and fresh exterior paint. Additionally, two of the units feature updated kitchens, bathrooms, and flooring (laminate and ceramic tile). However, the description explicitly states that only 'two of the units' have been updated, implying the others are in an older condition. The cooling system relies on less desirable wall/window air conditioning units, and heating is via wall heaters, which are outdated compared to central HVAC. While the updated units are clean and functional with granite countertops and modern vanities, the overall property condition is a mix, requiring further updates to the remaining units and the HVAC system to achieve a 'Good' rating. It is maintained but shows signs of age and partial modernization.
Pros & Cons

Pros

Strategic Location & Growth Potential: Riverfront views, prominent corner lot adjacent to the LA Riverwalk, and positioned to benefit significantly from the North Atwater East Bank Riverway Project, promising future appreciation.
High Investment Upside: Advertised with over a 39% upside in gross rent collections, presenting a clear value-add opportunity in a rapidly developing neighborhood.
Desirable Unit Mix & Parking: Features a diverse mix of four 3-bedroom units and one 2-bedroom townhouse, coupled with ample (10 assigned) parking spaces, enhancing tenant appeal and occupancy.
Key Infrastructure Updates: Recent upgrades include new electrical panels (unit and main), updated dual-pane windows on front units, and fresh exterior paint, reducing immediate capital expenditure for a new owner.
Tenant-Friendly Amenities: On-site laundry facilities and wall/window air conditioning in units provide essential conveniences and comfort for residents.

Cons

Incomplete Unit Modernization: Only two of the five units have updated kitchens, bathrooms, and flooring, indicating substantial capital expenditure will be required to modernize the remaining units and fully realize rent upside.
Building Age & Potential Deferred Maintenance: Built in 1965, the property, despite some upgrades, may still have original systems (e.g., plumbing, roofing, un-updated windows in rear units) that could lead to future maintenance costs.
Suboptimal Cooling System: Reliance on wall/window air conditioning units, rather than central air, may be less energy-efficient and less appealing to some prospective tenants, potentially affecting marketability or operating costs.

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