Exclusive Listings

Prime Highland Park- 6 Units with Tremendous Upside

Address:
5745 Arroyo Dr
Los Angeles, CA 90042
Price:
$1,550,000
Status:
Available
Type:
Apartment
# Units:
6
Year Built:
1961
Building Size:
4,092
Lot Size:
5,804
CAP Rate:
2.88%
GRM:
19.46x
Price/Unit:
$258,000
Price/SqFt:
$379

Investment Highlights

  • Great Highland Park Location- Walking distance to Figueroa and Gold line.
  • Value Add Opportunity in a very hot market
  • Attractive Unit mix with All 2 Bedrooms with Parking
  • Tremendous Rental upside:  +/- 75%
  • Individually metered for Gas / Electricity
  • Easy access to Downtown LA
  • Walking distance to all Highland Park has to offer


Summary

The Growth Investment Group is proud to present 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 considerable 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!


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
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