$1,450,000 Price Analysis 5745 Arroyo DrHighland Park, CA 90042 Unknown bed None bath 4,092 SqFt ($354/SqFt) 5,804SqFt lot. Built 1961 Listed 2023-03-02, Taxes $12,717 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
5% I/O, will carry for 2 years. Take a look at 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 re 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!
Presented by Justin Mccardle at
Growth Investment Group, Inc.
Property MLS #AR23035251 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2021 | $402,460 + $603,691 $1,006,151 | $12,717 |
2020 | $398,334 + $597,501 $995,835 | $12,839 |
2019 | $390,524 + $585,786 $976,310 | $12,352 |
2018 | $382,867 + $574,300 $957,167 | $12,243 |
2017 | $375,360 + $563,040 $938,400 | $11,940 |
2016 | $368,000 + $552,000 $920,000 | $11,649 |
2015 | $246,835 + $370,252 $617,087 | $8,040 |
2014 | $256,399 + $557,395 $813,794 | $10,646 |
2013 | $255,241 + $554,876 $810,117 | $10,636 |
2012 | $250,237 + $543,997 $794,234 | $10,775 |
2010 | $245,331 + $533,331 $778,662 | $10,463 |
2009 | $244,077 + $530,604 $774,681 | $10,092 |
2009 | $243,498 + $529,346 $772,844 | $10,092 |
2008 | $239,292 + $520,200 $759,492 | $9,674 |
2007 | $234,600 + $510,000 $744,600 | $9,355 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.