6150 E Olympic Boulevard,Los Angeles, CA 90022
Los Angeles, CA 90022
Description
Located in a highly desirable East Los Angeles neighborhood adjacent to Montebello, this well-maintained 12-unit apartment community offers an exceptional investment opportunity with a current 6.19% cap rate, making it an ideal choice for a 1031 exchange buyer. The property has benefited from approximately $320,000 in recent capital improvements, including the implementation of a Ratio Utility Billing System (RUBS) to enhance operating efficiency. The attractive unit mix consists of (FOUR) 2-bedroom/1-bath units and (EIGHT) 1-bedroom/1-bath units, with tenants separately metered for gas and electricity. Additional amenities include pool, garage parking and on-site laundry. Ideally situated east of Garfield Avenue, the property enjoys a highly walkable location just minutes from Whittier Boulevard's restaurants, shopping, and entertainment, while offering convenient access to the 5, 710, and 60 Freeways for an easy commute to Downtown Los Angeles. The property is also subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, providing investors with a clear regulatory framework.
Details
| MLS # | 26868873 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 71 |
| Listing Provided By | Remax Commercial and Investment Realty | Shant Sherbetdjian |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 7,956 |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | LCR3YY |
| Acreage | 0.24 |
Parking
| Parking Features | One Space |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90022) | |
Price: $2,995,000 low | high Med: $995,000 sqft: 7,956 low | high Med: 2,340 $ / sqft: $376 low | high Med: $425 On site: 71 low | high Med: 134 | |
Market Activity 90022
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90022) | |
Price: $2,995,000 low | high Med: $995,000 sqft: 7,956 low | high Med: 2,340 $ / sqft: $376 low | high Med: $425 On site: 71 low | high Med: 134 | |