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6 Single-Story Units (2 Triplexes) East LA 6438 E Olympic Blvd 6 Unit Apartment Building $1,295,000 ($215,833/Unit) 4% Cap Rate East Los Angeles, CA 90022

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INVESTMENT HIGHLIGHTS

  • First Time on the Market in 51 Years! Pride-of-ownership 6-unit apartment offering in East Los Angeles, just 2 blocks from Montebello
  • This rare opportunity features two side-by-side single-story triplexes, each on its own parcel, being sold together
  • Each of the six 1-bed, 1-bath units is spacious and well-maintained, with many recent upgrades, including updated electrical systems
  • Family-owned and operated for over five decades | Situated on a combined 9,674 SF lot zoned LCR3YY, the property offers ADU development potential
  • A classic garden-style setting with secured entry and garage parking for all units
  • Highly desirable East L.A. neighborhood that is "Very Walkable" (Walk Score: 77) and qualifies for residential financing

EXECUTIVE SUMMARY

First Time on the Market in 51 Years! Pride-of-ownership 6-unit apartment offering in East Los Angeles, just 2 blocks from Montebello. This rare opportunity features two side-by-side single-story triplexes, each on its own parcel, being sold together. Situated on a combined 9,674 SF lot zoned LCR3YY, the property offers ADU development potential and a classic garden-style setting with secured entry and garage parking for all units. Each of the six 1-bed, 1-bath units are spacious and well-maintained, with many recent upgrades, including updated electrical systems. Family-owned and operated for over five decades, the property is located in a highly desirable East L.A. neighborhood that is "Very Walkable" (Walk Score: 77) and qualifies for residential financing. Tenants enjoy easy access to the Citadel Outlets, Chroni's Famous Hot Dogs, East LA College and the 5, 60, and 710 freeways. **Explore the property and neighborhood vibe in our video tour! (Check Out The Link)** Please Note: Property is Subject to the Unincorporated Los Angeles County Rent Control. This listing is Offered as a 6-unit sale, totaling 3,564 SF of building space, on a double lot. Please Note: All six (6) units are tenant-occupied. Do not disturb occupants. Please do not walk on the property or engage with tenants regarding the sale. Direct all inquiries to the listing agent. This offering includes two parcels situated side-by-side, being sold together: 6434 E Olympic Blvd | APN: 6351-027-009 | 3 Units and 6438 E Olympic Blvd | APN: 6351-027-010 | 3 Units. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact agent. ( All Units Are Occupied - Units Will NOT Be Delivered Vacant )

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $91,032 $28.54
Other Income - -
Vacancy Loss $2,731 $0.86
Effective Gross Income $88,301 $27.68
Taxes - -
Operating Expenses - -
Total Expenses $36,547 $11.46
Net Operating Income $51,754 $16.22

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $91,032
Annual Per SF $28.54
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $2,731
Annual Per SF $0.86
Effective Gross Income
Annual $88,301
Annual Per SF $27.68
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $36,547
Annual Per SF $11.46
Net Operating Income
Annual $51,754
Annual Per SF $16.22

PROPERTY FACTS

Price $1,295,000
Price Per Unit $215,833
Sale Type Investment
Cap Rate 4%
Gross Rent Multiplier 14.23
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 3,190 SF
Average Occupancy 100%
No. Stories 1
Year Built 1951
Parking Ratio 1.68/1,000 SF
Zoning LCR3YY

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $1,291 594
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 36884552

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 6438 E Olympic Blvd, East Los Angeles, CA 90022

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