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5745 Arroyo Dr
Los Angeles, CA 90042
6-Units | 83% Upside | ALL 2BR/1BA Units · Multifamily Property For Sale
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6 Units
Investment Highlights
- 83% Rental Upside - Significant value add opportunity to increase rents and improve overall cash flow.
- ADU Potential Owner has preliminary plans for up to six (6) ADUs, offering major future income potential.
- On Site Parking - Includes tenant parking, a valuable amenity in this dense rental market.
- Strong Unit Mix - Features six (6) 2 bed / 1 bath units, a highly desirable layout for tenants.
- Recent Improvements - Approximately $100,000 in recent capital improvements including exterior paint, roof work, irrigation, and property upgrades.
- Prime Highland Park Location - Minutes from York Blvd, Figueroa St, DTLA, and Pasadena with strong tenant demand.
Executive Summary
MOTIVATED SELLER * * * We are pleased to present 5745 Arroyo Drive, a 6 unit multifamily investment opportunity located in the highly desirable Highland Park neighborhood of Los Angeles, CA. The property consists of approximately 4,092 square feet of living space and features a unit mix of (6) two bedroom / one bathroom units. The property also offers on site parking, a valuable amenity in this high demand rental market. The asset presents a strong value add opportunity with approximately 83% rental upside, allowing an investor to significantly increase income and long term value. The property has benefited from approximately $100,000 in recent capital improvements, including exterior paint, partial roof replacement, upgraded trash systems, eco friendly irrigation, concrete work, and various unit repairs. Additionally, ownership has preliminary plans to add up to six ADUs, creating further upside through increased unit count and income potential. Located in one of Northeast Los Angeles' most vibrant neighborhoods, Highland Park continues to attract strong tenant demand due to its proximity to Downtown Los Angeles, Pasadena, and the thriving retail and dining corridors along York Boulevard and Figueroa Street. This is a rare opportunity to acquire a well located asset with strong in place income, substantial upside, and future development potential.
Property Facts
| Price Per Unit | $285,483 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.69% | Lot Size | 0.13 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,092 SF |
| Gross Rent Multiplier | 12.75 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 2.93/1,000 SF |
| Zoning | RD2, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $285,483 CAD |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.75 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | RD2, Los Angeles - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 5492-006-018 | Improvements Assessment | $701,668 CAD |
| Land Assessment | $1,333,170 CAD | Total Assessment | $2,034,838 CAD |
Property Taxes
Parcel Number
5492-006-018
Land Assessment
$1,333,170 CAD
Improvements Assessment
$701,668 CAD
Total Assessment
$2,034,838 CAD
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