Evan Monroe & Justin McCardle Sell 13-Unit Multifamily In Highland Park For $2.7M

The 13-unit apartment complex at 6079 La Prada Street in Los Angeles's Highland Park neighborhood has been sold for $2.7 million. The property, built in 1985, offers a mix of studio, one-bedroom, and three-bedroom units, providing potential for renovation and value enhancement through strategic updates. The transaction also included 11,860 square feet of space, with each unit priced at $207,692 and a price per square foot of $228.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,700,000
• ACRES: 0.26
• Units: 13
• PPU: $207,692
• SF: 11,860
• PPSF: $228
• Address: 6079 La Prada Street
• Market: Los Angeles

Evan Monroe and Justin McCardle, representing Growth Investment Group, facilitated the sale of the apartment complex. The property, not fully subject to LA’s rent control, presents an opportunity for the new owner to capitalize on its potential through successful renovation and updates. The deal underscores the expertise and strategic approach employed by the brokerage team led by Monroe and McCardle in the Los Angeles market.