Monterey Road Multifamily Investment
For Sale
$4,400,000
6431 Monterey Road, Los Angeles, CA 90042
20-unit multifamily property in Hermon, Northeast Los Angeles. Value-add potential.
Property SizeContact for details
Days on Market510
Property Features for 6431 Monterey Road
General Information
Standard status
Active
Site & Location
Neighborhood
Highland Park
Building Details
Year Built
1964
Listing Agency:
KELLER WILLIAMS REALTY/PASADENA
Listed By:
KEVIN HURLEY
Source:
Corcoran
Added: Jun 9, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY/PASADENA
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Investment Insights
Based on property information with market context.
Located at 6431 Monterey Road in the Hermon neighborhood of Northeast Los Angeles, this 20-unit multifamily property presents a unique investment opportunity. Situated between Highland Park and South Pasadena, the property benefits from convenient access to neighborhood amenities, transit options, and major freeways. The building features a mix of one-bedroom and two-bedroom, two-bath units. The property includes 20 parking spaces, with 10 open spaces and 10 tuck-under spaces. An on-site laundry facility is available. The current ownership has implemented a RUBS (Ratio Utility Billing System) program. Structural improvements include the completion of the mandatory soft-story seismic retrofit. Several units have been refurbished. There is potential for ADU development (buyer to verify).
Key Highlights
- Rare 20‑unit multifamily asset in the highly desirable Hermon neighborhood of Northeast Los Angeles.
- Excellent unit mix of one‑bedroom and two‑bedroom, two‑bath units.
- Prime location near Highland Park and South Pasadena, with convenient access to amenities, transit, and freeways.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
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Business Placement
Demographics for 90042, CA
58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit multifamily property in Hermon, Northeast Los Angeles. Value-add potential.
Where is this apartment building located?
The property is located at 6431 Monterey Road Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Rare 20‑unit multifamily asset in the highly desirable Hermon neighborhood of Northeast Los Angeles.; Excellent unit mix of one‑bedroom and two‑bedroom, two‑bath units.; Prime location near Highland Park and South Pasadena, with convenient access to amenities, transit, and freeways.
