5745 Arroyo Drive Highland Park, CA 90042
Listing Courtesy of: CRMLS / Gig Real Estate Inc. / Justin McCardle - Contact:  909-486-2069

  5745 Arroyo Drive Highland Park, CA 90042

Sold (397 Days)
$1,450,000

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!

MLS #:
AR23035251
Lot Size
5,804 SQFT
Type
Multifamily
Year Built
1961
County
Los Angeles County

Listed By

Justin McCardle, Gig Real Estate Inc., Contact: 909-486-2069
Bought with
David Thi, DRE #01960703 CA, Coldwell Banker Realty
Source
CRMLS
Last checked Dec 22 2024 at 3:54 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
Lot Information
  • Irregular Lot
  • 6-10 Units/Acre
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Additional Information: Gig Real Estate Inc. | 909-486-2069
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