6431 Monterey Road, Los Angeles, CA 90042 - Berkshire Hathaway HomeServices California Properties

6431 Monterey Road, Los Angeles, CA 90042

$4,400,000 Approx. USD 0 beds, 0 baths

Listing Agent


KEVIN HURLEY | khurley@bridgeinvestmentgroup.net
Lic#: 01237798
Broker: Courtesy of Keller Williams Realty/Pasadena

Co Listing Agent


KEVIN LUTZ | klutz@kwcommercial.com
Lic#: 00925595
Broker: Courtesy of Keller Williams Realty/Pasadena

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# WS25122153
Price: $4,400,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1964
2 stories
0.33 acres
Lot size: 0.3343
County: Los Angeles
Zoning: LAR1
Lot description: Street Level
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 632 - Highland Park

Last Updated: 6/19/2025

 Days On Market (DOM): 21

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This listing belongs to the 632 - Highland Park MLS area

Lat/Long: 34.109506, -118.179632.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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