This Multifamily Property is no longer advertised on LoopNet.com.
6024 Monterey Rd
Los Angeles, CA 90042
$680K Reduction on 14 Units Built In 1995 · Multifamily Property For Sale · 14 Units
INVESTMENT HIGHLIGHTS
- Located 0.6 miles from Figueroa Blvd, which is home to a eclectic retailers, charming cafes, art galleries, and beloved dining options
- Ample side-by-side covered and uncovered parking spaces with the potential to add two or more ADUs (buyer to verify)
- Approx. 30% rental upside, and at the listed price, stabilizes at a 7.01% CAP and 10.17 GRM with projected market rents
- Built-in 1995, the property currently allows for an 8.8% annual rent increase
- Featuring (4) 2-bdrm. units and (10) 1-bdrm. units offered at $263,929 per unit and $417 per foot
- Renovated units include new windows, wood-laminate flooring, granite countertops, and updated appliances and cabinetry
PROPERTY FACTS
No. Units | 14 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.27 AC |
Building Size | 8,854 SF |
Average Occupancy | 93% |
No. Stories | 2 |
Year Built | 1995 |
Parking Ratio | 2.48/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Granite Countertops
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+2 | 2 | $1,950 | - |
2+1 | 2 | $1,853 | - |
1+1 | 10 | $1,600 | - |
LINKS
PROPERTY TAXES
Parcel Number | 5312-027-025 | Improvements Assessment | $1,165,768 |
Land Assessment | $1,201,823 | Total Assessment | $2,367,591 |
ZONING
Zoning Code | RD1.5 |
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Listing ID: 29888669
Date on Market: 10/26/2023
Last Updated:
Address: 6024 Monterey Rd, Los Angeles, CA 90042
The Multifamily Property at 6024 Monterey Rd, Los Angeles, CA 90042 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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