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5745 Arroyo Dr, Los Angeles, CA 90042
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5745 Arroyo Dr Los Angeles, CA 90042

$1,275,000
  • 12 Beds
  • 6 Baths
  • 4,092 Sq.Ft.
For Sale
$1,275,000 Get Pre-Qualified
Map preview of 5745 Arroyo Dr, Los Angeles, CA 90042

Property Overview: 5745 Arroyo Dr Los Angeles, CA has 12 bedrooms, 6 bathrooms, 4,092 living square feet and 5,806 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 5745 Arroyo Dr, a fantastic 6-unitinvestment 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 city 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.

Listed by Jake Glaser | BRE #02128816 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 21
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Home details

Lot Sq. Ft
5,806
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24384295
City
Los Angeles
County
Los Angeles
Time on Site
26 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,478
  • Total Rent: $1,478
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,654
  • Total Rent: $1,654
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $765
  • Total Rent: $765
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,418
  • Total Rent: $1,418
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $760
  • Total Rent: $760
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $798
  • Total Rent: $798
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.38%
  • Gross Rent Multiplier: 15.46
  • Gross Scheduled Income: --
  • Net Operating Income: $43,065
  • Gross Operating Income: $80,009
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5745 Arroyo Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 6
  • Parcel Number: 5492006018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Exit Via Marisol off the 110 FWY
View more facts & features

Local Los Angeles Agent

Sale History for 5745 Arroyo Dr

Last sold for $920,000 on December 15th, 2015

  • April, 2024

  • Apr 25, 2024

    Date

    Active

    CRMLS: 24384295

    $1,275,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: AR22035137

    $1,550,000

    Price

  • Feb 22, 2022

    Date

    Active

    CRMLS: AR22035137

    $1,919,000

    Price

  • Listing provided courtesy of CRMLS

    Seller Financing- 70% LTV @6% I/O for 2 years!!! Submit offers today, price adjustment and ready to sell! We're 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!

  • December, 2015

  • Dec 11, 2015

    Date

    Sold (Public Records)

    Public Records

    $920,000

    Price

  • October, 2015

  • Oct 13, 2015

    Date

    Price Change

    CRMLS: SB15224115

    $888,800

    Price

  • Listing provided courtesy of CRMLS

    Six-unit property in the Highland Park area. Each unit is air conditioned and all are 2-bed/1-bath. Building features 6 parking spaces and on site laundry facilities. This wonderful investment opportunity is conveniently located just off the 110 freeway and is a short drive from Dodger Stadium, Occidental College, and the Rose Bowl. Features updated copper plumbing & partially updated windows, fresh exterior paint, and redone carport and walkway.

  • February, 2014

  • Feb 27, 2014

    Date

    Sold (Public Records)

    Public Records

    $605,006

    Price

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Tax History for 5745 Arroyo Dr

Assessed Value (2020): $995,835
Year Land Value Improved Value Assessed Value
2020 $597,501 $398,334 $995,835

Home Value Compared to the Market

This property vs the competition

5745 Arroyo Dr is listed 2% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $311.58 per/sqft which puts the price per square foot 60.05% lower than the median price per square foot for the city of Los Angeles.

About 5745 Arroyo Dr

Detailed summary of property

5745 Arroyo Dr is a multi family located in Los Angeles, CA 90042 and is currently for sale. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 4,092 living square feet, and sits on an approximately 5,806 square foot lot. 5745 Arroyo Dr was first listed on ArdentRealEstateGroup.com on April 25, 2024. The homeowner is currently asking $1,275,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2% higher than the median priced home. Local competing homes currently for sale include 718 N Ave 65, 6171 Oak Crest Way and 3900 Berenice Pl. While the average home in Los Angeles, CA is selling in 93 days, 5745 Arroyo Dr has a days on market of 21 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 5745 Arroyo Dr Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5745 Arroyo Dr

Public county record property details
Beds
12
Baths
6
Year built
1961
Sq. Ft.
4,092
Lot Size
5,804
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,16
APN
5492-006-018

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,000
Median List Price/Sq.Ft.
$751
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
97
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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