6516 E Olympic Blvd, East Los Angeles, CA 90022

Property Description

We are pleased to exclusively offer for sale this "Turn-Key" 5 unit multi-family investment located in the city of East Los Angeles (Located 1 block west of Montebello.) The property is being offered for purchase at a 5.26% CAP Rate based on current actual rents! The current owner has made a substantial amount of improvements to the property such as: Copper Plumbing throughout, Updated Interiors, New Vinyl Windows, New Exterior Paint, and New Garage Doors. Most units have interior laundry hookups and a private one-car garage. All rental units are separately metered for Electricity & Gas while the owner pays for Water & Trash. The unit mix consists of one oversized 1 Bedroom/1 Bath Unit being utilized as a 2 Bedroom unit, three 1 Bedroom/1 Bath Units, and 1 Studio apartment. All tenants have stayed current on monthly rental payments throughout COVID, and when the new owner feels it is appropriate, all rental units are due for a rental increase as rents have not been raised in the last 12 months. Prime location located just 1 block to the city of Montebello, within minutes to the 60 & 710 Fwys, Private and Public Schools within walking distance, and plenty of retail and dining options.