Search
6423 Monterey Rd, Los Angeles, CA 90042
Image 2 for 6423 Monterey Rd, Los Angeles, CA 90042
Image 3 for 6423 Monterey Rd, Los Angeles, CA 90042
View Photos

6423 Monterey Rd Los Angeles, CA 90042

$4,760,000 Sold Price as of 07/05/2022
  • 22 Beds
  • 12 Baths
  • 10,168 Sq.Ft.
Sold
$4,760,000 Sold Price as of 07/05/2022 Refinance Your Mortgage
Map preview of 6423 Monterey Rd, Los Angeles, CA 90042

Property Overview: 6423 Monterey Rd Los Angeles, CA has 22 bedrooms, 12 bathrooms, 10,168 living square feet and 10,798 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 165

Home details

Lot Sq. Ft
10,798
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22119925
City
Los Angeles
County
Los Angeles
Time on Site
849 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,689
  • Total Rent: $1,689
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,436
  • Total Rent: $2,436
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.34
  • Gross Scheduled Income: --
  • Net Operating Income: $231,812
  • Gross Operating Income: $336,619
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6423 Monterey Rd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Oven, Gas Cooktop, Range, Built-In, Microwave
Interior Features
  • Living Room Balcony
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Covered, Driveway, Uncovered, Parking Space, Built-In Storage
Lot Information
  • Lot Features: Lawn
Property Information
  • Has View
  • View: Hills, City Lights
  • Total # of Units: 12
  • Parcel Number: 5312002021
  • Property Condition: Updated/Remodeled, Additions/Alterations
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Highland Park location, south of Arroyo Seco Parkway and west of Pasadena Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 6423 Monterey Rd

Last sold for $4,760,000 on July 5th, 2022

  • July, 2022

  • Jul 5, 2022

    Date

    Sold

    CRMLS: 22119925

    $4,760,000

    Price

  • Jan 19, 2022

    Date

    Active

    CRMLS: 22119925

    $5,450,000

    Price

  • June, 2021

  • Jun 25, 2021

    Date

    Expired

    CRMLS: 21717918

    $5,900,000

    Price

  • Apr 12, 2021

    Date

    Active

    CRMLS: 21717918

    $5,900,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 6423 Monterey Rd, a 13 unit multifamily asset in trendy Highland Park, just 5 minutes from shops and restaurants on N Figueroa St. The offering includes spacious, recently renovated 2 bedroom units with wood laminate flooring, fixtures and appliances. The is ample on-site parking and plenty of street parking available.

  • February, 2021

  • Feb 22, 2021

    Date

    Expired

    CRMLS: 20673020

    $2,595

    Price

  • Dec 23, 2020

    Date

    Active

    CRMLS: 20673020

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    This is the real deal for those looking to live in the city without actually feeling like you're IN the city! No need to save the best for last because this private balcony is the first thing you'll want to visit when you get home. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, microwave, and combo W/D. Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright. Schedule a tour today!

  • November, 2020

  • Nov 29, 2020

    Date

    Expired

    CRMLS: 20651750

    $2,595

    Price

  • Oct 26, 2020

    Date

    Active

    CRMLS: 20651750

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    As soon as you step foot in this unit, your eyes are instantly drawn to your private balcony. No need to save the best for last because this outdoor space is the first thing you'll want to visit when you get home. The entire space is equally as impressive thanks to the tall ceilings, updated everything throughout. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, and microwave. Bonus - you even have your very own washer/dryer combo unit located in the kitchen design as well. Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright.

  • November, 2020

  • Nov 29, 2020

    Date

    Expired

    CRMLS: 20651744

    $2,595

    Price

  • Oct 26, 2020

    Date

    Active

    CRMLS: 20651744

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    This is the real deal for those looking to live in the city without actually feeling like you're IN the city! No need to save the best for last because this private balcony is the first thing you'll want to visit when you get home. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, microwave, and combo W/D. Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright. Schedule a tour today!

  • November, 2020

  • Nov 29, 2020

    Date

    Expired

    CRMLS: 20660942

    $2,695

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: 20660942

    $2,695

    Price

  • Listing provided courtesy of CRMLS

    *Photos of similar unit * No need to save the best for last because this outdoor space is the first thing you'll want to visit when you get home. Leave the sliding balcony doors open for the ultimate indoor/outdoor flow. Although this is a lower unit, you still have your own private outdoor space with tons of light! Speaking of indoor, the kitchen and living 1room are equally as impressive thanks to the tall ceilings, updated flooring and fixtures throughout, and overall space for living/entertaining. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, and microwave. Bonus - you even have your very own washer/dryer combo unit located in the kitchen design as well. What a convenience! Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright!

  • October, 2020

  • Oct 23, 2020

    Date

    Leased

    CRMLS: 20629912

    $2,395

    Price

  • Sep 21, 2020

    Date

    Pending

    CRMLS: 20629912

    $2,395

    Price

  • Sep 9, 2020

    Date

    Active

    CRMLS: 20629912

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Entering the home, your eyes are instantly drawn to your private balcony. No need to save the best for last because this outdoor space is the first thing you'll want to visit when you get home. Take inspiration from the staging and add your coolest outdoor patio furniture to complete the space. Leave the sliding balcony doors open for the ultimate indoor/outdoor living. Get ready to enjoy all-new everything as well with this updated unit. The kitchen and living room are impressive thanks to the tall ceilings, updated flooring and fixtures throughout, and overall space for living/entertaining. The kitchen features all new stainless steel appliances like a fridge, gas range stove, dishwasher, and microwave. Bonus - you even have your very own washer/dryer combo unit located in the kitchen design as well. The one bathroom has been fabulously designed with sleek renovations and fixtures to match your aesthetic. The bedroom is located towards the back and will be your perfect oasis for you!

  • October, 2020

  • Oct 3, 2020

    Date

    Leased

    CRMLS: 20629018

    $2,595

    Price

  • Sep 25, 2020

    Date

    Pending

    CRMLS: 20629018

    $2,595

    Price

  • Sep 9, 2020

    Date

    Active

    CRMLS: 20629018

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    As soon as you step foot in this unit, your eyes are instantly drawn to your private balcony. No need to save the best for last because this outdoor space is the first thing you'll want to visit when you get home. The entire space is equally as impressive thanks to the tall ceilings, updated everything throughout. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, and microwave. Bonus - you even have your very own washer/dryer combo unit located in the kitchen design as well. Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright.

  • September, 2020

  • Sep 27, 2020

    Date

    Expired

    CRMLS: 20629006

    $2,595

    Price

  • Sep 9, 2020

    Date

    Active

    CRMLS: 20629006

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    This is the real deal for those looking to live in the city without actually feeling like you're IN the city! No need to save the best for last because this private balcony is the first thing you'll want to visit when you get home. The kitchen features all new stainless steel appliances like a double door fridge, gas range stove, dishwasher, microwave, and combo W/D. Down the hall, you will find the fabulously designed bathroom with sleek renovations and fixtures to match your aesthetic. The 2 bedrooms are located in the back of the home and are both spacious, light, and oh so bright. Schedule a tour today!

  • January, 2020

  • Jan 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,060,000

    Price

  • November, 2007

  • Nov 2, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6423 Monterey Rd

Assessed Value (2020): $644,835
Year Land Value Improved Value Assessed Value
2020 $189,433 $455,402 $644,835

Home Value Compared to the Market

This property vs the competition

6423 Monterey Rd sold on July 5, 2022 for 318.07% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $489.28 per/sqft which puts the price per square foot 35.19% lower than the current median sale per square foot for the city of Los Angeles.

About 6423 Monterey Rd

Detailed summary of property

6423 Monterey Rd is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 22 bedrooms, 12 bathrooms, roughly 10,168 living square feet, and sits on an approximately 10,798 square foot lot. 6423 Monterey Rd was first listed on ArdentRealEstateGroup.com on January 19, 2022. The homeowner sold the property for $4,760,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 318.07% higher than the current median priced home. Local homes that are currently for sale include 1542 N Hoover St, 1542 N Hoover St and 1002 N Mariposa Ave. While the average home in Los Angeles, CA is selling in 92 days, 6423 Monterey Rd has a days on market of 165 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 6423 Monterey Rd Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6423 Monterey Rd

Public county record property details
Beds
--
Baths
12
Year built
1966
Sq. Ft.
10,168
Lot Size
10,705
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
5312-002-021

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
94
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 6423 Monterey Rd

Nearby Homes for Sale

1684 Murchison St, Los Angeles, CA 90033
$3,875,000
32 Beds
18 Baths
12052 Sq.Ft.
1684 Murchison St
Los Angeles, CA 90033
420 S Euclid Ave, Pasadena, CA 91101
$5,200,000
18 Beds
13 Baths
10442 Sq.Ft.
420 S Euclid Ave
Pasadena, CA 91101
3168 Wabash Ave, Los Angeles, CA 90063
$5,300,000
32 Beds
18 Baths
11600 Sq.Ft.
3168 Wabash Ave
Los Angeles, CA 90063
323 N Soto St, Los Angeles, CA 90033
$4,750,000
4 Beds
40 Baths
10364 Sq.Ft.
323 N Soto St
Los Angeles, CA 90033
2221 Michigan Ave, Los Angeles, CA 90033
$4,300,000
2 Beds
32 Baths
9229 Sq.Ft.
2221 Michigan Ave
Los Angeles, CA 90033
1910 Lincoln Ave, Pasadena, CA 91103
$3,999,000
16 Beds
16 Baths
8430 Sq.Ft.
1910 Lincoln Ave
Pasadena, CA 91103
1244 Innes Ave, Los Angeles, CA 90026
$4,500,000
27 Beds
14 Baths
8864 Sq.Ft.
1244 Innes Ave
Los Angeles, CA 90026
2320 Glendale Blvd, Los Angeles, CA 90039
$4,250,000
25 Beds
17 Baths
12584 Sq.Ft.
2320 Glendale Blvd
Los Angeles, CA 90039
260 Linda Rosa Ave, Pasadena, CA 91107
$4,288,000
15 Beds
11 Baths
6068 Sq.Ft.
260 Linda Rosa Ave
Pasadena, CA 91107
Open Today 2pm-4pm
2512 Berkeley Ave, Los Angeles, CA 90026
$4,295,000
12 Beds
12 Baths
6300 Sq.Ft.
2512 Berkeley Ave
Los Angeles, CA 90026
2506 W Sunset Blvd, Los Angeles, CA 90026
$3,950,000
4 Beds
7 Baths
9375 Sq.Ft.
2506 W Sunset Blvd
Los Angeles, CA 90026
3365 Hamilton Way, Los Angeles, CA 90026
$5,550,000
15 Beds
15 Baths
10172 Sq.Ft.
3365 Hamilton Way
Los Angeles, CA 90026

Recently Sold Homes Near 6423 Monterey Rd

6145 Monterey Rd, Los Angeles, CA 90042
$1,092,200 Last Sold Price
3 Beds
2 Baths
1555 Sq.Ft.
6145 Monterey Rd
Los Angeles, CA 90042
221 S Avenue 66, Los Angeles, CA 90042
$900,000 Last Sold Price
7 Beds
4 Baths
2944 Sq.Ft.
221 S Avenue 66
Los Angeles, CA 90042
309 S Avenue 63, Los Angeles, CA 90042
$1,225,000 Last Sold Price
1238 Beds
929 Baths
1720 Sq.Ft.
309 S Avenue 63
Los Angeles, CA 90042
6012 Hayes Ave, Los Angeles, CA 90042
$1,275,000 Last Sold Price
6 Beds
3 Baths
2575 Sq.Ft.
6012 Hayes Ave
Los Angeles, CA 90042

Related Resources to 6423 Monterey Rd

New Listings in 90042
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote