6011 Pine Crest Dr - 3 Units Single-Story Highland Park | 1 VACANT 3 Unit Apartment Building Offered at $1,260,000 at a 5.58% Cap Rate Los Angeles, CA 90042

Eric Dilanian and The Dilanian Real Estate Advisors, part of RE/MAX Commercial & Investment Realty, are pleased to present for sale this rare Single Story multifamily property—comprised of a 1948 & 1955 built 3-unit building (allowing for residential financing) —in prime Highland Park. The offering includes one VACANT ± 991 Square Foot, 2 Bed & 1 Bath standalone unit (built in 1955), and a duplex built in 1948, making it ideal for an owner-user! The property is being sold alongside 2 Units next door for $635,000! Two Separate APN’s!

Located at 6011 Pine Crest Drive and 6018 Monterey Rd, this property sits in one of Los Angeles’ most sought-after neighborhoods. It represents a unique opportunity for an owner-user to live in a tri-plex while generating income from the adjacent duplex, or for an investor to reposition as a TIC, develop multiple ADUs, or explore future Small Lot Subdivision on the expansive combined ±15,149 SF lot.
The property features an all 2-bedroom, 1-bath unit mix, totaling approximately ±4,227 SF, with six garage parking spaces on Monterey. The beautifully updated vacant unit includes new vinyl windows, fresh paint, engineered flooring, turf, central air, gorgeous hardwood floors, and an in-unit washer and dryer! Zoned (Q) RD1.5-HCR, it offers significant long-term investment and development potential.
The property is strategically located within minutes to Highland Park’s Famous Retail Corridors: Figueroa and York and the Gold Line! Residents can dine at local favorites: Mendocino Farms, Jeni’s, HomeState, Kitchen Mouse, Highly Likely, Highland Park Bowl, Villa’s Taco’s, Triple Beam, and Hippo to name a few! It’s surrounded by South Pasadena and minutes to DTLA! It boasts a walk score of 77 (“very walkable”), where most errands can be accomplished on foot!
Disclosure: Buyers are advised to conduct thorough due diligence, including but not limited to verification of legal building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, and the feasibility of constructing ADUs, additional units, or development feasibility. Listing Agent and Broker do not make any guarantees or representations as to the accuracy of the information provided.
Do Not Walk on the Property - Drive by Only.