5745 Arroyo Dr, Los Angeles, CA 90042

6 Unit Mid-Century with Tons of Upside in Highland Park

Property Highlights

6-Unit mid century property in prime Highland Park location
$60,000 of recent capital improvements
Partial roof replacement
Parking available for every unit
Individually metered for gas & electric
Freshly painted exterior
Over 100% in upside to the rents
Only a few blocks from Figueroa St
Eco-friendly irrigation recently installed
Being offered at a discount to previous sale price

The Opportunity

The Glaser Group is pleased to present 5745 Arroyo Dr, a fantastic 6-unit investment property located in Highland Park in Los Angeles, CA. This property has had over $60,000 in recent capital improvements. Some of the recent improvements included upgrading trash bins to dumpsters, new eco-friendly irrigation, exterior paint, partial roof replacement, concrete work & individual unit repairs. This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 6 units and 4,092 square feet of living area in total. The property features (6) 2 bed / 1 bath units and offers savvy investors the opportunity to capitalize on over 100% upside in the current rents. Offered at a competitive basis, this property is nestled in one of the fastest growing neighborhoods Los Angeles has to offer.

Highland Park, located in Northeast Los Angeles, is a vibrant and diverse community that showcases a unique blend of historic charm and modern flair, making it a highly attractive area for potential investors. This neighborhood boasts a rich demographic tapestry, with a significant population contributing to a dynamic cultural and social scene. Renowned for its beautifully preserved Craftsman homes and iconic landmarks, Highland Park offers a distinct architectural allure. The area has experienced a cultural renaissance, with York Boulevard and Figueroa Street at the heart of its revival, featuring an eclectic mix of vintage boutiques, artisanal coffee shops, and innovative dining establishments. The community's emphasis on arts and entertainment, highlighted by street festivals and the renowned Highland Park Independent Film Festival, adds to its appeal. With its strategic location, strong community bonds, and growing economic opportunities, Highland Park presents a compelling proposition for investors looking to capitalize on a neighborhood with promising growth and a vibrant lifestyle.