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6150 E Olympic Blvd
Los Angeles, CA 90022
12 UNITS | EAST LOS ANGELES | 6.17% Cap Rate · Multifamily Property For Sale
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12 Units
Investment Highlights
- Desirable East Los Angeles Location | Excellent 1031 Exchange Opportunity
- Over $320,000 in Recent Capital Improvements – Pride of ownership with extensive recent upgrades already completed
- Highly Walkable Neighborhood – Just minutes from Whittier Boulevard, restaurants, shopping, and entertainment
- Adjacent to Montebello and Conveniently Situated East of Garfield Avenue
- RUBS Implemented – Ratio Utility Billing System in place to help offset utility expenses
- Subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance
Executive Summary
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. 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. Please do not walk on the property, do not disturb or engage tenants regarding the property. All units are occupied. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.
Property Facts
| Price Per Unit | $249,583 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 7,956 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 0.67/1,000 SF |
| Building Class | C | ||
| Zoning | LCR3YY | ||
| Price Per Unit | $249,583 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,956 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | LCR3YY |
Amenities
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,689 | 1 |
| 2+1 | 4 | $2,123 | 1 |
Property Taxes
| Parcel Number | 6338-011-019 | Improvements Assessment | $1,340,050 |
| Land Assessment | $721,980 | Total Assessment | $2,062,030 |
Property Taxes
Parcel Number
6338-011-019
Land Assessment
$721,980
Improvements Assessment
$1,340,050
Total Assessment
$2,062,030
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