6423 Monterey Road
6423 Monterey Road
$4,760,000
22
12
10,168
10,168
$468
Sold 7/5/22
Description
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...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.
- Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 6423 Monterey Road
Zoning
LAR1
Cross StreetsArroyo Seco Parkway & Pasadena Avenue
Parcel Number5312002021
Total Units12.0
Living Area10168
Source Living AreaVendor Enhanced
AreaHighland Park (632)
Vacancy Rate0
Location
LISTING UPDATED: 07/05/2022 03:31 PM
Property Details for 6423 Monterey Road
Status | Sold |
---|---|
MLS # | 22-119925 |
Days on Market | 165 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1966 |
Lot Size | 0.25 AC / 10,798 SF |
County | Los Angeles County |
Location
Building Information for 6423 Monterey Road
Stories2Residences-Year Built1966Building Size-Lot Size0.25 AC / 10,798 SF
Payment Calculator
$30,880 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6423 Monterey Road
Property History for 6423 Monterey Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6423 Monterey Road
Taxable ValueLand$3,560,000Additions$1,200,740Total$4,760,740
Tax Record2023$58,837 ($4,903 / month)
Home Facts
Total Finished SqFt10,168 SqFtAbove Grade Finished SqFt10,168 SqFtLot Size10,705 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningLAR1CountyLOS ANGELESAPN5312-002-021
Schools near 6423 Monterey Road
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Charter - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Bushnell Way Elementary School PublicK to 5 | ||
Benjamin Franklin Senior High School Public6 to 12 | ||
Los Angeles International School Charter9 to 12 | ||
Luther Burbank Middle School Public6 to 8 |
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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