5745 Arroyo Dr, Los Angeles, CA 90042
5745 Arroyo Dr, Los Angeles, CA 90042
5745 Arroyo Dr, Los Angeles, CA 90042
14
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$1,245,000
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12 Beds
6 Baths
4,092 SqFt
Price Dropped by $50K

5745 Arroyo Dr Los Angeles, CA 90042

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,092 sqft

Price per Sqft $304

MLS Listing ID 26662433

Bedrooms 12

Year Built 1961

Lot Size 5,806 Sqft

Acres 0.1333

Property Sub-Type Multi-Family

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 place income, substantial upside, and future development potential.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Wall Unit(s)

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Tandem

Garage Spaces 12.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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5745 Arroyo Dr