CA > Los Angeles
Los Angeles, CA 90042,6431 Monterey RD
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Los Angeles, CA 90042,6431 Monterey RD
Los Angeles, CA 90042,6431 Monterey RD
Los Angeles, CA 90042,6431 Monterey RD
Los Angeles, CA 90042,6431 Monterey RD
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Frances Mouser Moon

Frances Mouser Moon

Frances Mouser Team | FAM Realty | eXp Realty CA DRE #01878277

+1(760) 273-5315
$ 4,400,000
Est. payment /mo
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6431 Monterey RD Los Angeles, CA 90042

0.33 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25122153

HOA Y/N No

Year Built 1964

Lot Size 0.334 Acres

Property Sub-Type Apartment

Property Description

Presenting a rare opportunity to acquire a 20-unit multifamily asset at 6431 Monterey Road, ideally located in the highly desirable Hermon neighborhood of Northeast Los Angeles. Nestled between the vibrant community of Highland Park and just one block from the charming city of South Pasadena, this property offers an exceptional location with convenient access to neighborhood amenities, transit options, and major freeways. The building features an excellent unit mix of one-bedroom and two-bedroom units, with both one and two-bathroom layouts. In a rental market known for its extremely low turnover, properties in this pocket seldom come to market, making this a truly unique investment opportunity. The current ownership has implemented a RUBS (Ratio Utility Billing System) program, creating a path for additional income on future vacancies. Structural improvements include the completion of the mandatory soft-story seismic retrofit, offering peace of mind and compliance for prospective buyers. Several units have been refurbished, and the property is fully parked with a total of 20 parking spaces—10 open and 10 tuck-under. There is also potential for ADU development (buyer to verify). Additional amenities include an on-site laundry facility and significant upside in rents, making 6431 Monterey Road an ideal value-add opportunity in one of L.A.'s tightest submarkets.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LAR1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 10

Pool None

Community Features Curbs

View Y/N No

View None

Total Parking Spaces 20

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5312002022

Energy Description 8408.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by KEVIN HURLEY • Keller Williams Realty/Pasadena • 626-484-1897
agent

Frances Mouser Moon

Team Leader | License ID: 01309623

+1(760) 273-5315

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