6438 E Olympic Blvd - Apartments FOR SALE


East Los Angeles, CA 90022
$1,500,000 USD
310-968-6049
6438 E Olympic Blvd, East Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/21
null | 3.27% 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 is 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, and the 5, 60, and 710 freeways. Explore the property and neighborhood vibe in our video tour! (Check Out The Link) Subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance. Offered as a 6-unit sale, totaling 3,564 SF of building space. Each triplex (3 units) is also listed separately at $750,000 each, but both must be sold together. Contact listing agent for more details. Situated in the heart of East Los Angeles, on East Olympic Boulevard, between North Garfield Avenue and Server Avenue; the nearest major intersection is East Olympic Boulevard and North Garfield Avenue. A block from the Saybrook Park. 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, tenants are not aware the property is on the market. 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 - Each triplex is also listed at $750,000, but both properties must be sold together as a combined 6-unit investment. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact Listing Agent.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

3.27%

% 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 Policy.