5745 Arroyo Dr - Apartments FOR SALE


Los Angeles, CA 90042- Highland Park
$1,245,000 USD
818-231-5540
5745 Arroyo Dr, Los Angeles, CA for Sale
$1,245,000 USD
Apartments - FOR SALE
1/14
null | 4.69% Cap Rate

5745 Arroyo Dr
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • 83% Rental Upside - Significant value add opportunity to increase rents and improve overall cash flow.
  • Strong Unit Mix - Features six (6) 2 bed / 1 bath units, a highly desirable layout for tenants.
  • ADU Potential Owner has preliminary plans for up to six (6) ADUs, offering major future income potential.
  • Recent Improvements - Approximately $100,000 in recent capital improvements including exterior paint, roof work, irrigation, and property upgrades.
  • On Site Parking - Includes tenant parking, a valuable amenity in this dense rental market.
  • Prime Highland Park Location - Minutes from York Blvd, Figueroa St, DTLA, and Pasadena with strong tenant demand.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

6

PRICE/UNIT

$207,500

CAP RATE

4.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units | 83% Upside | ALL 2BR/1BA Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RD2, Los Angeles

APN/PARCEL ID

5492-006-018

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.