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$ 4,400,000
Est. payment | /mo
13,773 SqFt
$ 4,400,000
Est. payment | /mo
13,773 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,773 sqft
Price per Sqft $319
MLS Listing ID CRWS25122153
HOA Y/N No
Year Built 1964
Lot Size 0.334 Acres
Acres 0.33
Property Sub-Type Other
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 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
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
Lot Description Level
New Construction No
Others
Tax ID 5312002022
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by KEVIN HURLEY • Keller Williams Realty/Pasadena
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "