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Price Reduced!! Highland Park Development 5612 Monterey Rd 2 Unit Apartment Building $799,000 ($399,500/Unit) Los Angeles, CA 90042
Executive Summary
Major Price Reduction!!! Situated on a beautiful tree-lined street in one of Highland Park’s most desirable pockets, this ±8,400 SF lot (approx. 60’ x 140’) is a rare development site with RD1.5 zoning. The property currently features two existing residential units, offering immediate income potential while you plan your project.
Zoning and lot configuration offer a range of paths to redevelopment, including construction of multiple by-right units in the large rear yard, addition of ADUs, or a larger ground-up housing development.
Centrally located near vibrant York Blvd and Figueroa Street corridors, the property enjoys easy access to shops, cafés, schools, and major freeways. This is an ideal site for investors, developers, or owner-users looking to capitalize on Highland Park’s strong demand for quality housing and continued neighborhood growth.
Zoning and lot configuration offer a range of paths to redevelopment, including construction of multiple by-right units in the large rear yard, addition of ADUs, or a larger ground-up housing development.
Centrally located near vibrant York Blvd and Figueroa Street corridors, the property enjoys easy access to shops, cafés, schools, and major freeways. This is an ideal site for investors, developers, or owner-users looking to capitalize on Highland Park’s strong demand for quality housing and continued neighborhood growth.
Property Facts
| Price | $799,000 | Building Class | C |
| Price Per Unit | $399,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 1,348 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Low Medium II Residential | ||
| Price | $799,000 |
| Price Per Unit | $399,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 1,348 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1921 |
| Zoning | LARD1.5 - Low Medium II Residential |
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Property Taxes
| Parcel Number | 5301-013-017 | Improvements Assessment | $185,095 |
| Land Assessment | $541,216 | Total Assessment | $726,311 |
Property Taxes
Parcel Number
5301-013-017
Land Assessment
$541,216
Improvements Assessment
$185,095
Total Assessment
$726,311
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Price Reduced!! Highland Park Development | 5612 Monterey Rd
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