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 /… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,092
Lot Size
0.13 Acres
Year Built
1961
MLS Number
26662433
30 Days Snapshot Of 90042
$1.42M
+65%
(avg) sold price
10
+100%
homes sold
49
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
4,092 sq ft, Built in 1961, Levels: Multi/Split
Cooling
Wall Unit(s)
Disclosures
As Is
Garage
Tandem
Heating
Central
Lot
LotAcreage: 0.1333, LotSizeArea: 5,806
Parking
TotalParking: 12
Property
NumberOfUnits: 6, Zoning: LARD2
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