6405 Olympic Boulevard, East Los Angeles, CA 90022
  • MLS#: CV25076896 ( Apartment )
  • Street Address: 6405 Olympic Boulevard
  • Viewed: 2
  • Price: $1,625,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: East Los Angeles
  • Zipcode: 90022
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 propertys 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 advantageousan 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.
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Features
Building Area Total
  1. 4226.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. Ground
Fuel Expense
  1. 0.00
Garage Spaces
  1. 5.00
Insurance Expense
  1. 6500.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 107919.00
Newtaxesexpense
  1. 18486.00
Otherexpense
  1. 1200.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 6351026029
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 5455
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435939773:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 38571.00
Trash Expense
  1. 1678.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 4531
Water Sewer Expense
  1. 4707.00
Water Source
  1. Public
Year Built
  1. 1952
Year Built Source
  1. Assessor
Zoning
  1. LCR3YY