OFF MARKET

Off Market Jul 2022 for $4.7M

—

Est. refi paymentEst. refi $21,327/mo

•

12 ba

•

10,168

sq ft

6423 Monterey Rd, Los Angeles, CA 90042

About this home

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.

Multi-familyProperty Type

1966Year Built

10,798 sq ftLot Size

$468Price/Sq.Ft.

12 spacesParking

Listed by Jason Tuvia •DRE #01772495 • Marcus & Millichap

•818-448-4415 (agent)

•jtuvia@marcusmillichap.com (agent)

Bought with Peggy Fong Chen •DRE #01461698 • Re/Max Omega

Redfin checked: a minute ago

•Source:TheMLS #22-119925

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There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Ostrich Farm, CA

Last updated August 2026

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Seller's Market

Balanced market

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Provided by Redfin

Sale history for 6423 Monterey Rd

Date

Event

Price

TheMLS #22-119925

Jul 5, 2022

Pending

—

Jul 5, 2022

Sold

$4,760,000

$468/sq ft

May 9, 2022

Price Changed

$4,975,000

$489/sq ft

Mar 28, 2022

Relisted

—

Mar 28, 2022

Price Changed

$5,099,000

$501/sq ft

Mar 10, 2022

Contingent

—

Feb 22, 2022

Price Changed

$5,199,000

$511/sq ft

Jan 19, 2022

Listed

$5,450,000

$536/sq ft

Jan 19, 2022

Listed

$4,975,000

$489/sq ft

TheMLS #21-717918

Apr 12, 2021

Listed

TheMLS #21-699312

Mar 1, 2021

Listed

Public Records

Jan 28, 2020

Sold

$3,060,000

$301/sq ft

Public Records

Aug 18, 1975

Sold

$140,000

$14/sq ft

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$60,703 (+1.2%)

$3,703,824 + $1,248,480

$4,952,304

2024

$59,994 (+2.0%)

$3,703,824 + $1,248,480

$4,952,304

2023

$58,837 (+52.9%)

$3,631,200 + $1,224,000

$4,855,200

2022

$38,486 (+1.3%)

$3,560,000 + $1,200,000

$4,760,000

2021

$37,988 (+305.3%)

$1,545,850 + $1,607,684

$3,153,534

2020

$9,373 (+3.5%)

$1,515,540 + $1,576,161

$3,091,701

2019

$9,058 (+2.1%)

$189,433 + $454,662

$644,095

2018

$8,870 (+2.5%)

$185,719 + $445,748

$631,467

2017

$8,658 (+3.6%)

$178,508 + $428,440

$606,948

2016

$8,356 (+1.3%)

$178,508 + $428,440

$606,948

2015

$8,251 (−1.3%)

$175,008 + $420,040

$595,048

2014

$8,356 (−1.3%)

$169,004 + $405,627

$574,631

2012

$8,464 (+2.3%)

$168,241 + $403,794

$572,035

2011

$8,272 (−0.9%)

$164,943 + $395,877

$560,820

2010

$8,344 (+3.5%)

$161,709 + $388,115

$549,824

2009

$8,062 (+3.8%)

$160,501 + $385,215

$545,716

2008

$7,768

$160,883 + $386,131

$547,014

Tax history for 6423 Monterey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$60,703 (+1.2%)

$3,703,824 + $1,248,480

$4,952,304

2024

$59,994 (+2.0%)

$3,703,824 + $1,248,480

$4,952,304

2023

$58,837 (+52.9%)

$3,631,200 + $1,224,000

$4,855,200

2022

$38,486 (+1.3%)

$3,560,000 + $1,200,000

$4,760,000

2021

$37,988 (+305.3%)

$1,545,850 + $1,607,684

$3,153,534

2020

$9,373 (+3.5%)

$1,515,540 + $1,576,161

$3,091,701

2019

$9,058 (+2.1%)

$189,433 + $454,662

$644,095

2018

$8,870 (+2.5%)

$185,719 + $445,748

$631,467

2017

$8,658 (+3.6%)

$178,508 + $428,440

$606,948

2016

$8,356 (+1.3%)

$178,508 + $428,440

$606,948

2015

$8,251 (−1.3%)

$175,008 + $420,040

$595,048

2014

$8,356 (−1.3%)

$169,004 + $405,627

$574,631

2012

$8,464 (+2.3%)

$168,241 + $403,794

$572,035

2011

$8,272 (−0.9%)

$164,943 + $395,877

$560,820

2010

$8,344 (+3.5%)

$161,709 + $388,115

$549,824

2009

$8,062 (+3.8%)

$160,501 + $385,215

$545,716

2008

$7,768

$160,883 + $386,131

$547,014

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

10,801 Sq. Ft.

Year renovated

1966

Sq. Ft.

10,168

Year built

1966

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

5312002021

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 30, 2026.

Nov 13, 2023 • Final

Bldg-alter/repair

Perform a soft-story seismic retrofit in accordance with building codes. Install shear walls and a special steel cantilever column.

Remodel

Jul 1, 2022 • Final

Electrical

Replace the compressor disconnects in the same size and location for multiple units.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
Covered Parking, Driveway, Uncovered, Parking Space, Built-In Storage

Parking
# of Parking Spaces (Total): 12
# of Covered Parking Spaces: 5
# of Open Other Spaces: 7

Interior

Bathroom Information
Shower Over Tub, Tile

Kitchen Information
Oven, Cooktop - Gas, Range, Built-Ins, Microwave
Remodeled, Marble Counters

Laundry Information
Laundry in Unit

Additional Rooms
Patio Open, Breakfast Bar

Interior Features
Built-Ins, Living Room Balcony, Turnkey

Flooring Information
Wood Floors

Equipment
Built-Ins, Freezer, Dishwasher, Washer, Dryer, Refrigerator, Range/Oven

Heating & Cooling
A/C
Wall Heat

Multi-Unit Income
Gross Income: 347030
Gross Operating Income: $336,619
Net Operating Income: $231,812

Multi-Unit Expenses
Total Annual Expense: $104,817

Multi-Unit Other Financial Information
Cap Rate: 4.66
Gross Rent Multiplier: 14.34
Vacancy Allow Dollar: $10,411
Vacancy Allow %: 3
Scheduled Actual: Actual

Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: Market
# of Buildings: 1
Has Water Heaters: True
Laundry Equipment: Own

Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,689
Projected Rent: $2,450
Actual Rent: $1,689
# of Units: 2

Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,436
Projected Rent: $2,900
Actual Rent: $2,436
# of Units: 7

Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,695
Projected Rent: $3,000
Actual Rent: $2,695
# of Units: 2

Unit 4 Information
# of Beds: 2
# of Baths: 1.00
Rent: $3,200
Projected Rent: $3,300
Actual Rent: $3,200
# of Units: 1

Exterior

Building Information
Total Floors: 2
Attached

Exterior Features
Patio Features: Wrap Around Porch, Living Room Balcony, Patio Open, Deck(s), Living Room Deck Attached, Balcony, Covered, Covered Porch, Porch - Front, Porch - Rear
Other Structural Features: Balcony, Barbecue Private, Sliding Glass Doors

Property Information
Land Lease Type: Fee
Property Type: Residential Income
Property Condition: Updated/Remodeled, Additions/Alter

Land Information
Other Structures: None

Lot Information
Lot Size (Sq. Ft.): 10,798
Lot Size (Acres): 0.2479
Zoning: LAR1
Lot Location: City
Lot Description: Lawn, Fenced, Single Lot

Property Features
Has View
View: Hills, City
Alley: False

Financial

Assessment Information
Assessed Total Value: $3,091,701
Assessed Land Value: $1,515,540
Assessed Land %: 49.02
Assessed Improvement Value: $1,576,161
Assessed Improvement %: 50.98
Assessor Parcel Number: 5312-002-021

Tax Information
No Mello-Roos Tax

Location

Community Information
# of Units in Complex (Total): 12
Athletic Court: None

Location Information
Directions: The subject property is situated in a prime Highland Park location, south of Arroyo Seco Parkway and west of Pasadena Avenue.
Cross Streets: Arroyo Seco Parkway & Pasadena Avenue

Public facts

Beds: 22
Baths: 12.0
Sq. Ft.: 10,168
Stories: —
Lot Size: 10,801 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1966
Year Renovated: 1966
County: Los Angeles County
APN: 5312002021

Home facts updated by county records on Aug 30, 2026

Other

Documents & Disclosures
Disclosures: As Is

Listing Information
Possession: Close Of Escrow

Around this home

Schools

Bushnell Way Elementary School

Public K-5 • Assigned • 0.7mi

7/10

Luther Burbank Middle School

Public 6-8 • Assigned • 0.7mi

7/10

Benjamin Franklin Senior High School

Public 6-12 • Assigned • 1.2mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 97° expected this year, 18 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

11 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90042

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

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Home values near 6423 Monterey Rd

Data from public records.

Address	Redfin Estimate
6509 Monterey Rd, Los Angeles, CA 3 Beds \| 3 Baths \| 2600 Sq. Ft.	$1,545,610
6443 Monterey Rd, Los Angeles, CA 3 Beds \| - Baths \| 1088 Sq. Ft.	$793,087

Address	Redfin Estimate
6505 Monterey Rd, Los Angeles, CA 3 Beds \| 1 Baths \| 1104 Sq. Ft.	$1,082,514
6439 Monterey Rd, Los Angeles, CA 3 Beds \| 2 Baths \| 1480 Sq. Ft.	$1,297,743

Address	Redfin Estimate
6501 Monterey Rd, Los Angeles, CA 3 Beds \| 1 Baths \| 996 Sq. Ft.	$810,809
6431 Monterey Rd, Los Angeles, CA 26 Beds \| 26 Baths \| 13773 Sq. Ft.	—

Property information provided by TheMLS when last listed in 2022. This data may not match . Learn more.

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