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5745 Arroyo Dr Los Angeles, CA, 90042
$1,275,000 Commercial for sale Other
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.
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Property details
4,092 sqft interior area
Land area
5,806 sqft (0.13 acres)
Days on Verhouse
20
Address
5745 Arroyo Dr, Los Angeles, CA, 90042
City of California
Los Angeles
County
Los Angeles
Year Built
1961
District
Listing
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
T-Mobile
BMW
Toyota
Albertsons
Aldi
Wholesale: 2
Supermarket: 7
Mobile phone: 5
Car: 3
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Interior Features
—
Garage & Parking
Assigned
Appliances
Dryer
Listed by
Jake Glaser, Lyon Stahl Investment Real Estate, Inc.
Name
Jake Glaser
License number
02128816
Brokerage company
Lyon Stahl Investment Real Estate, Inc.
MLS #
CL24384295
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Calculate your monthly payments
Mortgage
$3,915
Taxes
$0
HOA dues
$0
Mortgage
$255,000 / 20%
2.28%
30 years
Your amount
$3,915 / month
Lot details
TMK #5492006018
Parcel nr.
5492006018
90042 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90042
42%
Families with children
National average: 39%
34%
Non family households
350,640
Population
$98,906
Average Income
Age & gender
Median age 37 years
More info
Commute types
81% commute by car
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Education level
23% have not graduated education
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Number of employees
3% work in education and healthcare
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Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
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Housing market insights for
$1.19m
Neighborhood average
sales price*
sales price*
$1.02m
Neighborhood median
sales price*
sales price*
557
Number
of sales*
of sales*
Housing type
54% are single detacheds
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Rooms
42% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
53% are renters
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13.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 25, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 25, 2024 | New Listing | $1,275,000 -12.07% | 0 | MLS #CL24384295 |
| Jul 14, 2023 | Sold | $1,450,000 | 0 | Public Record |
| Jun 14, 2023 | Price Decrease | $1,450,000 -6.45% | 0 | MLS #CRAR23035251 |
| Jun 14, 2023 | Under contract | $1,550,000 | 0 | MLS #CRAR23035251 |
| Mar 2, 2023 | New Listing | $1,550,000 | 0 | MLS #CRAR23035251 |
Taxes of 5745 Arroyo Dr, Los Angeles, CA, 90042
LARD zoning / MLS #CL24384295
Zoning
LARD
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Frequently Asked Questions about 5745 Arroyo Dr
What is 5745 Arroyo Dr?
5745 Arroyo Dr is a Commercial/Industrial propertywith 4,092 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
5745 Arroyo Dr, Los Angeles, CA, 90042.
What comparable properties are nearby?
Comparable nearby commercial properties include 501 N Avenue 50, 6456 York Blvd, 5628 York Blvd, 508 Chestnut Ave, 4874 Huntington Dr, 5125 Oakland St.
Based on information from the bridgeMLS as of 05-14-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 03, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Cookbook, 0.37 miles away and Fresco Community Market, 0.43 miles away.
The 90042 zip area has a population of 350,640, and 42% of the families have children. The median age is 37.82 years and 81% commute by car. The most popular housing type is "single detached" and 53% is renter.
