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
Property listed by Lyon Stahl Investment Real Estate, Inc., David Saghian 310-259-7556
Listing Snapshot
Days Online
10
Last Updated
Beds
12
Square Ft.
4,092
Lot Size
0.13 Acres
Year Built
1961
MLS Number
26662433
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1961, Living area: 4092.0, 1 building, 2 stories, Levels: MultiSplit
Heating
Central
Income
Gross Income: $94,703, Net Operating Income: $57,786
Lot
0.1333 acres
Parking
12 total parking spaces, Garage, Tandem
Taxes
Parcel Number: 5492006018, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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