6438 E Olympic Blvd - Apartments FOR SALE


East Los Angeles, CA 90022
$1,295,000 USD
310-968-6049
6438 E Olympic Blvd, East Los Angeles, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/21
null | 4% Cap Rate

6438 E Olympic Blvd
East Los Angeles, CA 90022


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

OVERVIEW

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 )

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Single-Story Units (2 Triplexes) East LA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,674 SF

ZONING

LCR3YY

APN/PARCEL ID

6351-027-009,6351-027-010

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.