6423 MONTEREY RD

LOS ANGELES, CA, 90042

$4,760,000

$468 per ft²
$4,760,000
$468 per ft²
Sold
Sold
beds
22 Beds
baths
12 Baths
carpenters-square
10,168 ft²
property_type
Multi-family
calendar
Built 1966
We are pleased to present a twelve (12) unit apartment building located at 6423 Monterey Road in Los Angeles, California. The subject property is situated in a prime Highland Park location, south of Arroyo Seco Parkway and west of Pasadena Avenue. Built in 1966, this property contains a great unit mix of two (2) one bedroom / one bathroom units and ten (10) two bedroom / one bathroom units. Two (2) of the units feature wrap around decks, and one (1) unit is a penthouse. The spacious units all feature private balconies, tall ceilings, gas range stoves, dishwashers, and in-unit laundry hookups. Ten (10) units are rehabbed with new flooring and fixtures throughout, stainless steel appliances, designer bathrooms with stylish fixtures, floor to ceiling windows, and breakfast bars. The offering will be delivered with RTI plans for the soft-story retrofit and a one bedroom ADU that will not impact any parking for the current tenants. The property itself comes with full on-site parking and great landscaping. Residents will enjoy living in Los Angeles without feeling like they are in a highly urban space. Tenants are in immediate proximity of outdoor recreation at Arroyo Seco Park, located just behind the subject property. Just beyond the park, the -110 Freeway allows easy commuting access to major employers across Los Angeles. Situated in a prime Highland Park location, this offering presents an excellent opportunity for any investor to acquire a turn-key property with positive initial cash flow and RTI plans to build an ADU.
MLS® ID:
22-119925
Listed:
1/18/22
Updated:
8/10/22

Interior Features

Kitchen Appliances
Oven, Cooktop - Gas, Range, Built-Ins, Microwave
Kitchen Features
Remodeled, Marble Counters
Total Bedrooms
22
Total Bathrooms
12
Interior Features
Built-Ins, Living Room Balcony, Turnkey
Laundry Description
In Unit
Floor Description
Wood
Cooling
Air Conditioning
Heating
Wall

Exterior/Building Features

Lot Size
10,798 ft² lot
Lot Details
Lawn, Fenced, Single Lot

Other Property Details

Garage
No
Parking
Covered Parking, Driveway, Uncovered, Parking Space, Built-In Storage
Parking Total
12.0
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR1

Property History

Date
Event
Price
Value
7/5/22
Sold
-
-
7/5/22
Price Change
$4,760,000
-4%
7/5/22
Pending
-
-
5/9/22
Price Change
$4,975,000
-2%
3/28/22
Active
-
-
3/28/22
Price Change
$5,099,000
-1%
3/10/22
Active Under Contract
-
-
2/22/22
Price Change
$5,199,000
-4%
Contact