5745 Arroyo Drive, Los Angeles, CA 90042
5745 Arroyo Drive, Los Angeles, CA 90042
5745 Arroyo Drive, Los Angeles, CA 90042
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$1,245,000
Est. payment /mo
4,092 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,092 sqft

Price per Sqft $304

MLS Listing ID CL26662433

HOA Y/N No

Year Built 1961

Lot Size 5,806 Sqft

Acres 0.13

Property Sub-Type Other

Property Description

MOTIVATED SELLER *** We are pleased to present 5745 Arroyo Drive, a 6 unit multifamily investment opportunity located in the highly desirable Highland Park neighborhood of Los Angeles, CA. The property consists of approximately 4,092 square feet of living space and features a unit mix of (6) two bedroom / one bathroom units. The property also offers on site parking, a valuable amenity in this high demand rental market.The asset presents a strong value add opportunity with approximately 83% rental upside, allowing an investor to significantly increase income and long term value. The property has benefited from approximately $100,000 in recent capital improvements, including exterior paint, partial roof replacement, upgraded trash systems, eco friendly irrigation, concrete work, and various unit repairs.Additionally, ownership has preliminary plans to add up to six ADUs, creating further upside through increased unit count and income potential.Located in one of Northeast Los Angeles' most vibrant neighborhoods, Highland Park continues to attract strong tenant demand due to its proximity to Downtown Los Angeles, Pasadena, and the thriving retail and dining corridors along York Boulevard and Figueroa Street.This is a rare opportunity to acquire a well located asset with strong in pla

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Other

Fireplace No

Building

New Construction No

Others

Tax ID 5492006018


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Bridge MLS
Listed by David Saghian • Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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5745 Arroyo Drive