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6438 E Olympic Blvd
East Los Angeles, CA 90022

$1,295,000 USD

Apartments For Sale • 3,190 SF

Property Details

Property Type Apartments
Total Building Size 3,190 SF
Lot Size 0.22 AC
Building Class C
Year Built 1951
Cap Rate 4.00 %
Zoning LCR3YY

56 Transit Score

79 Walk Score

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

Financial Summary (Actual)

Net Operating Income: $51,754 USD (2024)

Cap Rate:	4.00 %
Total Expenses:	$36,547 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	2 min	14 min	0.7 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.6 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	30 min	-	19.1 mi
Bob Hope	33 min	-	23.4 mi
Los Angeles International	35 min	-	24.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	OneCarGarage
Included in Rent:	Yes

Shant Sherbetdjian 310-968-6049 RE/MAX Commercial & Investment Realty

6438 E Olympic Blvd East Los Angeles, CA 90022