Casa Arroyo

04-06-2022
07-08-2022

368 N Ave 57, Los Angeles, CA 90042

Property Description

Casa Arroyo has been completely renovated and repositioned with a modern open floor plan, upgraded with new kitchens, stone countertops, new stainless-steel appliances, and new washers and dryers. Additional upgrades include new doors; bathroom faucets and hardware throughout; new cabinets; hardwood style laminate flooring; new paint; landscaping; new windows and new interior and exterior light fixtures.
The building’s systems have been upgraded and include new roofing, upgraded electrical, plumbing and water systems. The seismic retrofit work has also recently been completed. There are four single parking stalls and four tandem stalls for a total of 12 gated spaces. The property also boasts a meditation garden with drought tolerant water-saving plants in the front.
The property is only a 5 minute walk to the Metro Gold line Highland Park Station which connects from Pasadena to Downtown Los Angeles and the San Gabriel Valley.

Key Property Information

Listing Status
Sold
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 3,050,000
Sales price
$ 2,995,000
No. of Units
8
Cap Rate
4.96%
GRM / GIM
13.1
Average Occupancy
100%
Year Built
1972
Year Renovated
2017
Building Size
5,852 Sq ft
Lot Size
9999 sq ft
No. of Stories
2
APN
5469-033-006
Opportunity Zone
No
Price per unit
$ 381,250
Closing Date
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34.113678, -118.194484

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