Are you aware of the millions of dollars to be invested in revamping the Los Angeles River? Here’s your chance to take advantage of an incredible opportunity to own adjacent to the LA River in Atwater Village!
The Coronado Real Estate Group of KW Commercial presents a rare multi-family sale in coveted Atwater Village. The Acresite Apartments are 5 units of all 2 & 3 bedrooms located ONLY a stone’s throw from the LA River Recreation Zone. Built in 1965 and situated on a 10,078 SF lot, the subject property boasts a total of 4,898 SF. It’s the first time this property has been on the market in more than 30 years, thus rents are significantly under market. One 3Br+2Ba apartment was recently renovated & rented for $2,199/month, which demonstrates the tremendous upside potential for this property.
Offered at 12.5 GRM and 5% CAP rate, The Acresite Apartments are an incredible opportunity to purchase a cash flow investment in one of the most prized rental locations in Northeast LA!
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