The Saghian Group is 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 6 units totaling 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 includes on-site parking, a valuable amenity in this high-demand rental market.Offered at $1,200,000, the asset is priced at a 4.91% in-place cap rate, $293 per square foot, and a 12.29 GRM. The property offers investors the opportunity to capture approximately 83% rental upside, making it an attractive value-add opportunity with significant potential to increase income and long-term asset 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, the current owner has preliminary plans to add up to six ADUs on site, creating further potential to increase unit count and overall income.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 its thriving retail and dining corridors along York Boulevard and Figueroa Street. This offering presents a rare opportunity to acquire a well located asset with 83% upside. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Saghian 310-259-7556
Listing Snapshot
Days Online
30
Last Updated
Beds
12
Square Ft.
4,092
Lot Size
0.13 Acres
Year Built
1961
MLS Number
26837227
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1961, Living area: 4092.0, 1 building, 2 stories, Levels: MultiSplit
Heating
Central
Income
Gross Income: $97,632, Net Operating Income: $58,974
Lot
0.1333 acres
Parking
12 total parking spaces, Assigned, Uncovered
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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