16-Bedroom Residential Income — 6150 E Olympic Boulevard, Los Angeles, CA
$2,995,000
6150 E Olympic Boulevard, Los Angeles, CA
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 6.19% 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.
Property details
Location
6150 E Olympic Boulevard • Los Angeles, CA 90022
Listed by
Shant Sherbetdjian · Remax Commercial and Investment Realty
Nearby listings in Los Angeles, CA
- 1427 W 90th Place, Los Angeles, CA · $600,000
- 1530 W 81st Street, Los Angeles, CA · $850,000
- 900 S Wooster Street 2, Los Angeles, CA · $5,495/mo
- 2932 Ledgewood Drive B, Los Angeles, CA · $2,500/mo
- 4917 Orinda Avenue, Los Angeles, CA · $1,199,999
- 4034 Brighton Ave, Los Angeles, CA · $885,000
- 2068 S Hobart Boulevard, Los Angeles, CA · $1,650,000
- 702 Crenshaw Boulevard, Los Angeles, CA · $1,495,000
- 1442 Ellsmere Avenue, Los Angeles, CA · $1,189,000
- 12020 Ocean Park, Los Angeles, CA · $1,699,000
- 333 E 83rd Street, Los Angeles, CA · $525,000
- 751 E 104th Street, Los Angeles, CA · $665,000