CA > Los Angeles
Los Angeles, CA 90042,6431 Monterey Road
Los Angeles, CA 90042,6431 Monterey Road
Los Angeles, CA 90042,6431 Monterey Road
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$4,400,000
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5 Beds
5 Baths
Active

6431 Monterey Road Los Angeles, CA 90042

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25122153

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

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, two-bath units. 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 spaces10 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

Zoning Public Rec

Direction Monterey Rd & Lomitas Dr

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5312002022

MLS Router / San Diego MLS
Listed by KEVIN HURLEY Keller Williams Realty/Pasadena

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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6431 Monterey Road

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