5745 Arroyo Dr, Los Angeles, CA 90042
- 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
Property Description
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 considerably 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!
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SIGN INUnit Mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 2 Bed / 1 Bath | 6 | 682 | $ 1,105 |
