6079 La Prada
6079 La Prada
Active Under Contract
Active Under Contract
Description
The property has been well maintained by the current ownership throughout a nearly 40-year hold period, with some units having been partially renovated. No units have been brought up to top-of-market condition for 2024-2025 so the property holds tremendous upside potential. Copper plumbing has been installed throughout 6079 La Prada St. The proforma cap rate is 5.07% and the proforma GRM is 12.94 post-rehab/renovation. The current ownership is a Non-Profit Organization but 6079 La Prada St. can operate as a traditional market-rate apartment complex (w/ regular rental unit registration, SCEP inspections, etc.) It can be purchased individually or together with 2 adjacent parcels: 6817-6819 N. Figueroa St. (21-Unit Apt. Constr. 1954-1955) & 6801 N. Figueroa St. (4-Suite Corner Retail Constr. 1974) Altogether, the portfolio covers just over 1 Acre of contiguous residential land in Highland Park.
- Listed by Evan Monroe • DRE #02135116 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-340-3826
- Listed by Justin McCardle • DRE #01895720 • Brokerage DRE #02201380 • Growth Investment Group Pasade
Property Details for 6079 La Prada
Location
Property Details for 6079 La Prada
| Status | Active Under Contract |
|---|---|
| MLS # | AR24039531 |
| Days on Market | 50 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1985 |
| County | Los Angeles County |
Location
Building Information for 6079 La Prada
Payment Calculator
$18,598 per month
30 year fixed, 7.25% Interest
$18,064
$534
$0
Property Information for 6079 La Prada
- Tenant Pays: Electricity, Gas
- Gross Income: $288,619
- Gross Scheduled Income: $288,619
- Net Operating Income: $189,454
- Laundry Income: $1,339
- Gross Multiplier: 12.94
- Cap Rate: 5.07
- Current Financing: None
- Operating Expense: $90,507
- Fuel Expense: $2,969
- Electric Expense: $0
- Insurance Expense: $8,000
- Professional Management Expense: $11,198
- Trash Expense: $3,910
- Water Sewer Expense: $13,814
- Total Expenses: $90,507
- Tax Tract Number: 10-158
- Tax Census Tract: 1832.21
- CFD/Mello-Roos Fee: $1,553
- Tax Lot: 42
- Community Features: Foothills, Urban
- Interior Features: Copper Plumbing Full
- Laundry: Yes
- Laundry Features: Common Area
- Construction Materials: Stucco, Wood Siding
- Exterior Construction: Stucco, Wood Siding
- Exterior: Stucco, Wood
- Entry Location: La Prada St.
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 11-15 Units/Acre
- Number Of Units: 13
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Available, Natural Gas Available, Water Available
- Electric: Electricity Available, Natural Gas Available, Water Available
- Water Source: Public
- Garage Spaces: 4
- Parking: Yes
- Parking Garage: Garage, Unassigned
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Parking Features: Garage, Unassigned
- Unit Type Units Total: 10
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $780
- Unit Type Total Rent: $780
- Unit Type Pro Forma: 16950
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $380
- Unit Type Total Rent: $380
- Unit Type Pro Forma: 3990
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $400
- Unit Type Total Rent: $400
- Unit Type Pro Forma: 3000
- Unit Type Type: 3
- Number Of Units Leased: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 14
- Number Of Separate Gas Meters: 14
- Number Of Separate Water Meters: 1
- Number Wall AC: 12
Property History for 6079 La Prada
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6079 La Prada
Schools near 6079 La Prada
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 7 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
PUC International Preparatory Academy CharterK to 8 | ||
Eagle Rock High School Public7 to 12 | ||
Luther Burbank Middle School Public6 to 8 | ||
Highland Park Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Growth Investment Group Pasade, Evan Monroe, DRE #02135116; Growth Investment Group Pasade, Justin McCardle, DRE #01895720
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.