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.
Property Details
Price:
$4,400,000
MLS #:
WS25122153
Status:
Active
Baths:
0
Address:
6431 Monterey Road
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
632highlandpark
City:
Los Angeles
Listed Date:
Jun 3, 2025
State:
CA
ZIP:
90042
Lot Size:
14,564 sqft / 0.33 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Curbs
Garage Spaces
0.00
Lot Features
Level with Street
Parking Spots
20.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address6431 Monterey Road Los Angeles CA
- Area632 – Highland Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90042
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6431 Monterey Road
Los Angeles, CA
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