5612 Monterey Rd - Multi-Family FOR SALE


Los Angeles, CA 90042- Monterey Hills
$999,000 USD
323-646-5938
5612 Monterey Rd, Los Angeles, CA for Sale
$999,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

5612 Monterey Rd
Los Angeles, CA 90042
Monterey Hills


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$741 USD /SF

# OF UNITS

2

PRICE/UNIT

$499,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Park Development Opportunity

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5301-013-017

ASK ABOUT THIS PROPERTY

Daniel BahrCORE Commercial Real EstateMore Info
323-646-5938

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Daniel BahrCORE Commercial Real EstateMore Info
323-646-5938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.