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5745 Arroyo Drive, Los Angeles, CA 90042
$1,450,000
5745 Arroyo Drive, Los Angeles, CA 90042View this property at 5745 Arroyo Drive, Los Angeles, CA 90042
5745 Arroyo DriveLos AngelesCA90042
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Property Description
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!
Full Property Details
Full Property Details for 5745 Arroyo Dr
General
- Sold For: $1,450,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR23035251
- Added to Site: 471 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 632 - Highland Park
- County: Los Angeles
- Development Name: 632 - Highland Park
- Driving Directions: Exit Via Marisol off the 110 FWY
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Square Feet: 4,092
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 6
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1332
- Lot Size Source: Assessor
- Zoning: LARD2
- Lot Description: 6-10 Units/Acre, Irregular Lot
Financial Considerations
- Price Per Sq. Ft.: $354.35
- Price Per Unit: 241667
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
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Schools
Schools serving 5745 Arroyo Dr
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5507 Bushnell Way, Los Angeles, CA 90042 | K-5 | 0.2 mi | |
820 N Avenue 54, Los Angeles, CA 90042 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5745 Arroyo Dr
Date
Details
Price
Change
Source
7/14/2023
Sold
$1,450,000
—
MLS
5/15/2023
Price Reduced
$1,450,000
-6.45%
MLS
3/02/2023
Listed
$1,550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5745 Arroyo Drive, Los Angeles, CA 90042 (MLS# AR23035251) is a Multi-Family property that was sold at $1,450,000 on July 14, 2023. This property was sold by David Thi from our Arcadia Office.Want to learn more about 5745 Arroyo Drive? Do you have questions about finding other Multi-Family real estate for sale in Highland Park? You can browse all Highland Park real estate or contact a Coldwell Banker agent to request more information.