6-Unit New Value Add in Highland Park
SOLD: $1,175,000 CAP RATE: 5.28% GRM: 11.68 PRICE PER SQUARE FOOT: $287
Lyon Stahl Investment Real Estate's Saghian Group is pleased to announce the successful $1,175,000 sale of 5745 N. Arroyo Drive, a six-unit multifamily investment property located in the highly desirable Highland Park neighborhood of Los Angeles. The property sold for $287 per square foot, representing an 11.68 GRM and 5.28% capitalization rate.
The property consists of six two-bedroom, one-bathroom units totaling approximately 4,092 square feet, with on-site parking and approximately $100,000 in recent capital improvements. The asset also offered significant value-add potential through approximately 83% rental upside and preliminary plans for the addition of up to six ADUs.
Ideally located near Highland Park's popular York Boulevard and Figueroa Street corridors, the transaction highlights continued investor demand for well-located multifamily properties with strong income growth potential in Northeast Los Angeles.
David Saghian of The Saghian Group represented the seller in the transaction, successfully closing the sale at $1,175,000.
Investment Highlights
$1,175,000 Sale Price – Successfully closed six-unit multifamily investment property in Highland Park, Los Angeles.
Attractive Sale Metrics – 5.28% capitalization rate, 11.68 GRM, and $287 per square foot.
Desirable Unit Mix – Six spacious two-bedroom, one-bathroom units totaling approximately 4,092 square feet.
Significant Rental Upside – Approximately 83% potential upside in rental income.
Recent Capital Improvements – Approximately $100,000 invested in exterior paint, partial roof replacement, irrigation, concrete work, and unit repairs.
ADU Development Potential – Preliminary plans for the addition of up to six ADUs, subject to city approval.
On-Site Parking – Valuable amenity in a high-demand rental market.
Prime Highland Park Location – Convenient access to York Boulevard, Figueroa Street, Downtown Los Angeles, and Pasadena.
Seller Representation – David Saghian of The Saghian Group successfully represented the seller in the transaction.
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com