6431 Monterey Rd

Los Angeles, CA 90042

$4,400,000
Price
5
Beds
30
Baths
13,773 Sq. Ft.
$319 / Sq. Ft.
13,773
Sq. Ft.
$319
per Sq. Ft.

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,...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-add opportunity in one of L. A.’s tightest submarkets.
  1. Listed by KEVIN HURLEY • DRE #01237798 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena • 626-484-1897
  2. Listed by KEVIN LUTZ • DRE #00925595 • Brokerage DRE #01444805 • Keller Williams Realty/Pasadena

Property Details for 6431 Monterey Road

View
None
Parking Spaces Total
20
Private Pool
No
Cooling Type
Wall/Window
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
13773
LISTING UPDATED: 06/19/2025 02:26 AM

Property Details for 6431 Monterey Road

StatusActive
MLS #WS25122153
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty/Pasadena, KEVIN HURLEY, DRE #01237798; Keller Williams Realty/Pasadena, KEVIN LUTZ, DRE #00925595
Add your commute

Building Information for 6431 Monterey Road

Building/Complex6431 Monterey RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1964Building Size-

Payment Calculator

$27,224 per month

30 year fixed, 6.845% Interest

Principal and Interest

$23,053

Property Taxes

$4,171

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6431 Monterey Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,796
  • Gross Scheduled Income: $371,369
  • Vacancy Allowance: 11141
  • Gross Operating Income: $360,228
  • Net Operating Income: $224,505
  • Laundry Income: $2,400
  • Other Income Description: RUBS
  • Other Income 1: $4,596
  • Gross Multiplier: 1185.0
  • Cap Rate: 5.1
Expense Details
  • Operating Expense: $360,228
  • New Taxes Expense: $52,786
  • Gardener Expense: $1,200
  • Fuel Expense: $8,408
  • Licenses Expense: $2,133
  • Pest Control Expense: $1,140
  • Electric Expense: $0
  • Insurance Expense: $12,905
  • Maintenance Expense: $18,568
  • Professional Management Expense: $10,807
  • Other Expense: $2,305
  • Other Expense Description: DAs
  • Trash Expense: $9,003
  • Water Sewer Expense: $16,468
  • Total Expenses: $135,723
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: .
  • Tax Census Tract: 1837.02
  • CFD/Mello-Roos Fee: $2,305
  • Tax Lot: 22
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: front
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,429
  • Unit Type Total Rent: $21,428
  • Unit Type Pro Forma: 30000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,882
  • Unit Type Total Rent: $5,647
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,882
  • Unit Type Total Rent: $5,647
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1

Property History for 6431 Monterey Road

DateEvent & SourcePriceAppreciation
Jun 3, 2025

Listed (Active)

SDMLS #WS25122153

$4,400,000—
Jun 3, 2025

Listed (Active)

CRMLS #WS25122153

$4,400,000—
Jun 3, 2025

Listed (Active)

CLAW #WS25122153MR

$4,400,000—
Jun 11, 2020

Sold (Public Record)

Public Record #670685060

$3,750,000—
DateEvent & SourcePrice
06/03/2025

Listed (Active)

SDMLS #WS25122153

$4,400,000
06/03/2025

Listed (Active)

CRMLS #WS25122153

$4,400,000
06/03/2025

Listed (Active)

CLAW #WS25122153MR

$4,400,000
06/11/2020

Sold (Public Record)

Public Record #670685060

$3,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6431 Monterey Road

Taxable ValueLand$1,857,114Additions$2,122,416Total$3,979,530
Tax Record2024$50,048 ($4,171 / month)
Home Facts
Total Finished SqFt13,773 SqFtAbove Grade Finished SqFt13,773 SqFtLot Size14,564 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR1CountyLOS ANGELESAPN5312-002-022

Schools near 6431 Monterey Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Charter - 9 to 12
Rating
School
Distance
Bushnell Way Elementary School
PublicK to 5

Luther Burbank Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 to 12

Los Angeles International School
Charter9 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.

Similar Homes

Similar Sold Homes

6431 Monterey Road is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on June 3, 2025 by Keller Williams Realty/Pasadena, it's currently listed at $4,400,000. It has been on the market for a total of 37 days and was last sold on June 11, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Bushnell Way Elementary School, Luther Burbank Middle School and Benjamin Franklin Senior High School. 6431 Monterey Road is a 5-bed, 30-bath, 13,773 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty/Pasadena, KEVIN HURLEY, DRE #01237798; Keller Williams Realty/Pasadena, KEVIN LUTZ, DRE #00925595

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.