About 5745 Arroyo Dr
SELLER FINANCING- 70% LTV, 5% I/O, will carry for 2 years... Take a look at this attractive 6 Unit Value Add opportunity in one of the hottest markets in Los Angeles- Highland Park! The building has all 2-bedroom units with 6 tandem parking spaces and is individually metered for gas and electricity. The current rents are considerably below market with rental upside being +/- 75% below comparable nicely renovated units in the area. It is strategically located near all the Figueroa has to offer as well as the Metro Gold Line and 110 freeway with easy access to Downtown LA. These units are perfect for the buyer looking to add significant value as this pocket in Los Angeles has proven the strength of the rental market which continues to improve. The size and location of the building make this a solid hold for all size portfolios!
Features of 5745 Arroyo Dr
| MLS® # | AR23035251MR |
|---|---|
| Price | $1,450,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 4,092 |
| Acres | 0.13 |
| Year Built | 1961 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 5745 Arroyo Dr |
|---|---|
| Area | Highland Park |
| City | HIGHLAND PARK |
| County | Los Angeles |
| State | CA |
| Zip Code | 90042 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | March 2nd, 2023 |
|---|---|
| Days on Market | 94 |
| Zoning | LARD2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Justin Mccardle (01895720) |
|---|---|
| Office | GIG Real Estate Inc. |