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5745 Arroyo Drive
Highland Park, CA 90042
Sold
5745 Arroyo Drive
Highland Park, CA 90042
Sold
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!
PROPERTY INFORMATION
| MLS # | AR23035251 | Lot Size | 5,804 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,450,000
Price Per SqFt: $ 354 |
DOM | 795 Days |
| Address | 5745 Arroyo Drive | Type | Residential Income |
| City | Highland Park | Sq.Ft. | 4,092 Sq. Ft. |
| Postal Code | 90042 | Garage | N/A |
| County | Los Angeles | Year Built | 1961 |
| Bed / Bath | 2 / 0 | Parking | 12 |
| Built In | 1961 | Status | Closed |
| Sold Date | 2023-07-14 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,547
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/14/2023 | Active Under Contract | $1,450,000 |
| 05/16/2023 | Relisted | $1,450,000 |
| 03/02/2023 | Listed | $1,550,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Justin McCardle, GIG Real Estate Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
