5745 Arroyo Drive, Highland Park, CA 90042

About this property

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!

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,450,000

Sold July 2023 · orig. $1,550,000, on market March 2023 · MLS #AR23035251 · Source: CRMLS

Listing Agent: Justin McCardle · Listing Office: GIG Real Estate Inc. · Contact: 909-486-2069 · Bought with: David Thi · Coldwell Banker Realty

$920,000

Sold December 2015 · listed $888,800, on market October 2015 · MLS #SB15224115 · Source: CRMLS

Listing Agent: Brett Lyon · Listing Office: Lyon Stahl Investment RE, Inc. · Contact: 310-425-9838 · Bought with: Justin McCardle · Jack Harriman

$605,000

Sold March 2014 · listed $600,000, on market January 2014 · MLS #PW14018090 · Source: CRMLS

Listing Agent: Michael Ricigliano · Listing Office: D.J. Financial Corporation · Contact: 714-202-6256 · Bought with: Michael Ricigliano · D.J. Financial Corporation

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