6405 E Olympic Boulevard
East Los Angeles, CA 90022
- – beds
- – baths
- – sqft
- 6,629 sqft lot
- 1952 build
- – on site
Exclusively offered for sale 8 units in the heart of East Los Angeles. The property is currently listed with an attractive 6.64% CAP Rate, and generating $151,000 in annual gross income, translating to a 10.76 Gross Rent Multiplier. This property offers a robust cash-on-cash return of over 5% day 1, making it an exceptional choice for investors focused on profitability and long-term value. Situated just two blocks from the City of Montebello, this property features 8 units, all configured as 1-Bedroom/1-Bathroom. The total rental space is 4,226 square feet, set on a 6,633 square foot lot. Each unit is separately metered for electricity and gas, which simplifies utility management and enhances cost efficiency for the owner. Additional value is evident in the property’s upgraded copper plumbing and other significant improvements that ensure reduced maintenance issues moving forward. Tenants benefit from convenient garage parking and an onsite laundry facility, enhancing the desirability of the rental units. The location is particularly advantageous—an elementary school is directly across the street, and shopping options along with public transportation are all within walking distance, providing everything tenants might need close at hand. This property not only promises excellent returns, but also offers a stable and convenient lifestyle for tenants, making it a compelling acquisition in East Los Angeles.
Last checked:
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Last updated Apr 8, 2025
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MLS# CV25076896 —
The Building
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Year Built:1952
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4226.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Entry Location:Ground
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Laundry:Common Area
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Laundry:1
Location
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Directions:South of Whittier Blvd., West of Garfield Ave.
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Latitude:34.01242100
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Longitude:-118.13522300
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LCR3YY
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Lot Features:0-1 Unit/Acre
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Lot Size Area:6629.0000
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Lot Size Acres:0.1522
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Lot Size SqFt:6629.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5319.02
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Tax Tract:8649
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Tax Lot:361
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6351026029
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:9.00
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Garage Spaces:5.00
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Uncovered Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/8/25
Apr 8, 2025
|
Listed / Active | CRMLS_CA | $1,625,000 |
