$ 1,295,000
-
$1,295,000
Price -
12
Bed -
6
Bath -
4,092
SqFt
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About the Listing X82195 - C134249
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 place income, substantial upside, and future development potential.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
26662433
Year Built
1961
Total Square Footage
4,092
Lot/Acreage
0.13
County
Los Angeles
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: LARD2
- Roof:
- Others:
- Sewer:
- Parking Features: Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5745 Arroyo Dr Los Angeles, CA 90042
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