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$1,245,000
Est. payment /mo
4,092 SqFt
UPDATED:
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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Listed by David Saghian • Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122



