Homes for sale - 6431 Monterey RD, Los Angeles, CA 90042

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JLee Broker

[email protected] +1(650) 857-1000

Listed by KEVIN HURLEY • Keller Williams Realty/Pasadena

$4,400,000

Est. payment - /mo

0.33 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRWS25122153

Year Built 1964

Lot Size 0.334 Acres

Source California Regional MLS

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

Location

State CA

County Los Angeles

Area 632 - Highland Park

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Community Facility

Exterior

Garage Spaces 20.0

Pool 31, None

View None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 5312002022

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6431 Monterey RD Los Angeles, CA 90042

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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