Highland Park, CA 90042,5745 Arroyo DR
Highland Park, CA 90042,5745 Arroyo DR
Highland Park, CA 90042,5745 Arroyo DR
8
$1,450,000
$1,450,000
Est.Price: ?

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5,802 Sqft Lot

5745 Arroyo DR Highland Park, CA 90042

Est. payment /mo
SOLD DATE : 07/14/2023

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Key Details

Sold Price $1,450,000

Property Type Residential Income

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23035251

Year Built 1961

Lot Size 5,802 Sqft

Property Sub-Type Apartment

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!

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD2

Interior

Laundry Common Area

Exterior

Pool None

Community Features Urban

Building

Lot Description 6-10 Units/Acre, Irregular Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Owner Will Carry, Private Financing Available

Listing Terms Cash, Owner Will Carry, Private Financing Available

Special Listing Condition Standard

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CRMLS – RECore
Listed by Justin McCardle GIG Real Estate Inc. 909-486-2069
Bought with David Thi Coldwell Banker Realty

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Brenda Perez-Miranda

Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

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