6150 E Olympic Boulevard, Los Angeles, CA 90022
List Price: $3M
Listing Status: Active
0Days on Market: 0
16 Bedrooms · 12 Bathrooms · 7,956 sq ft
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 10,519 sq ft
MLS Number: 26868873
About This Property
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 6.17% 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.
Listing provided by: Shant Sherbetdjian DRE #01713570 213-817-1000 ss@remaxcir.com, Remax Commercial and Investment Realty
Source: CRMLS, MLS #: 26868873
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.