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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5,804 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 Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRAR23035251

Sold Date 07/14/23

Originating Board California Regional MLS

Year Built 1961

Lot Size 5,804 Sqft

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

Interior

Laundry Laundry Area

Exterior

Garage Spaces 12.0

Pool None

Building

Lot Description Irregular

Water District - Public

Others

Tax ID 5492006018

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Justin McCardle • GIG Real Estate Inc.
Bought with David Thi • Coldwell Banker Realty

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agent

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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