5745 Arroyo Drive, Los Angeles, California 90042

$1,295,000

Bedrooms

12

Bathrooms

6

Square Feet

4,092 sqft

City

Los Angeles

Status

Active

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 6 units totaling approximately 4,092 square feet of living space and features a unit mix of (6) two bedroom / one bathroom units. The property also includes on site parking, a valuable amenity in this high demand rental market. The property offers investors the opportunity to capture approximately 83% rental upside, making it an attractive value add opportunity with significant potential to increase income and long term asset 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, the current owner has preliminary plans to add up to six ADUs on site, creating further potential to increase unit count and overall income.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 its thriving retail and dining corridors along York Boulevard and Figueroa Street. This offering presents a rare opportunity to acquire a well located asset with strong in place income, significant upside, and future development potential.