New
$2,995,000
16 bd · 2 ba · 7,956 sqft · 10,520 sqft lot
6150 E Olympic Blvd, Los Angeles, CA 90022
Multi-family · Built 1962 · $376/sqft ·
$18,343/mo est. payment
- Stories
- 2
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 16
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 2
Appliances
- Laundry Features: Room
Land Info
- Lot Size Acres: 0.2415
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 10519
Garage and Parking
- Parking Features: Parking Space
- Parking Total: 12
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 12
- Unit Type: 1-Bed &2-Bed
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
Rental Info
- Gross Income: 282948
- Gross Scheduled Income: 274460
- Vacancy Allowance: 8488
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: Hanover Ave
- Cap Rate: 6.19
- Directions: Excellent location situated in a Prime East Los Angeles Neighborhood. Sitting on East Olympic Blvd between South Hendricks Ave and Hanover Ave. Nearest major cross streets are East Olympic Blvd and South Garfield Ave.
- Source Property Type: Residential Income
- Area: East LA
- Source Neighborhood: East LA
Schools
- 3
Montebello Park Elementary School
elementary · K-5 · 0.2 mi
- 5
Eastmont Intermediate School
middle · 6-8 · 0.8 mi
- 6
Schurr High School
high · 9-12 · 1.3 mi
Cantwell--Sacred Heart of Mary High School
high · 9-12 · 0.6 mi
- 6
Joseph A. Gascon Elementary School
elementary · K-5 · 0.6 mi
Grace Baptist Academy
elementary · K-12 · 0.6 mi
Price history
- Aug 6, 2026 · Listed$2,995,000
- Mar 23, 2021 · Sold$1,905,000
- Jan 21, 2004 · Sold$1,150,000
Tax history
- 2025$31,084 tax · $2,103,270 assessed
- 2024$30,090 tax · $2,062,030 assessed
- 2023$29,451 tax · $1,981,961 assessed
- 2022$28,551 tax · $1,943,100 assessed
- 2021$23,178 tax · $1,510,535 assessed
- 2020$23,037 tax · $1,495,047 assessed
- 2019$22,422 tax · $1,465,734 assessed
- 2018$22,797 tax · $1,436,995 assessed
Home value
$2,345,651
- Quantarium$2,345,651
Where it is
Listed by Shant Sherbetdjian · RE MAX Commercial & Investment Realty · TheMLSCLAW
