5745 Arroyo Dr. Los Angeles, CA 90042
6-Unit New Value Add in Highland Park
LIST PRICE: $1,295,000 CAP RATE: 4.46% GRM: 13.26 PRICE PER SQUARE FOOT: $316
The Saghian Group is 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. Offered at $1,295,000, the asset is priced at a 4.46% cap rate, $316 per square foot, and a 13.26 GRM.
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.
Investment Highlights
Attractive Basis: Offered at $1,295,000, equating to a 4.46% cap rate, 13.26 GRM, and $316 per square foot.
83% Rental Upside: Significant value add opportunity to increase rents and improve overall cash flow.
Strong Unit Mix: Features six (6) 2 bed / 1 bath units, a highly desirable layout for tenants.
ADU Potential: Owner has preliminary plans for up to six (6) ADUs, offering major future income potential.
Recent Improvements: Approximately $100,000 in recent capital improvements including exterior paint, roof work, irrigation, and property upgrades.
On Site Parking: Includes tenant parking, a valuable amenity in this dense rental market.
Prime Highland Park Location: Minutes from York Blvd, Figueroa St, DTLA, and Pasadena with strong tenant demand.
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com