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$ 1,195,000
Est. payment | /mo
4,092 SqFt
$ 1,195,000
Est. payment | /mo
4,092 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,092 sqft
Price per Sqft $292
MLS Listing ID CL26837227
HOA Y/N No
Year Built 1961
Lot Size 5,806 Sqft
Acres 0.1333
Property Sub-Type Other
Property Description
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 / 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.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 5492006018
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Listed by David Saghian • Lyon Stahl Investment Real Estate, Inc.
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