6431 Monterey Rd | Los Angeles, CA 90042
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- LoopNet Team
6431 Monterey Rd
Los Angeles, CA 90042
Monterey Apartments · Multifamily Property For Sale
·
19 Units
Investment Highlights
- ± 35% Rental Upside
- Excellent unit Mix of One Bedrooms and Two Bedrooms
- Opportunity to Capitalize on continued RUBS program already implemented for future vacancies
- Location borders Highland Park and South Pasadena
- Very tight rental Market in an extremely low velocity Neighborhood. Very few Buildings come for sale in this location
- 5 Units Have Been Rehabbed
Property Facts
| No. Units | 19 | Building Size | 13,773 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | LAR1 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 13,773 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,429 | 575 |
| 2+2 | 3 | $1,882 | 900 |
Property Taxes
| Parcel Number | 5312-002-022 | Improvements Assessment | $2,164,864 |
| Land Assessment | $1,894,256 | Total Assessment | $4,059,120 |
Property Taxes
Parcel Number
5312-002-022
Land Assessment
$1,894,256
Improvements Assessment
$2,164,864
Total Assessment
$4,059,120
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