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    6150 E Olympic Blvd

    Los Angeles, CA 90022
    • $2,200,000
    • STATUS: Pending
    • ON SITE: 23 days
    • ID#: 21-690002
    Pending
    UPDATED: 66 min ago
    $2,200,000
    • 16
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,956
      SQFT
    • $277
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present for sale 12 units in a Prime East Los Angeles Neighborhood, Montebello Adjacent. This is the first time the property has been offered for sale in 18 years! Excellent unit mix of spacious 1 and 2 bedroom units. Rents are currently well below market level and have about +/- 83% in Rental Upside Potential. Tenants enjoy the convenience of Secured Entry, Pool, Laundry Room and On-Site Garage Parking. The property is Separately Metered for Gas & Electricity. Situated East of Garfield Avenue, a Short Commute to Downtown Los Angeles and Convenient Access to the 5, 710 & 60 Freeways.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T18:42:48.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/114060416
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    6150 E Olympic Blvd Los Angeles, CA 90022

    • Price: $2,200,000
    • Status: Pending
    • Updated: 66 min ago
    • ID#: 21-690002
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    7,956
    SQFT
    $277
    $/SQFT
    1962
    Built
    Neighborhood:
    East La
    County:
    Los Angeles
    Area:
    East La
    Property Description
    We are pleased to present for sale 12 units in a Prime East Los Angeles Neighborhood, Montebello Adjacent. This is the first time the property has been offered for sale in 18 years! Excellent unit mix of spacious 1 and 2 bedroom units. Rents are currently well below market level and have about +/- 83% in Rental Upside Potential. Tenants enjoy the convenience of Secured Entry, Pool, Laundry Room and On-Site Garage Parking. The property is Separately Metered for Gas & Electricity. Situated East of Garfield Avenue, a Short Commute to Downtown Los Angeles and Convenient Access to the 5, 710 & 60 Freeways.
    Exterior Features

    Cross Streets Hanover Ave And Hendricks Ave Lot Size Area 10517 Other Structures Other Parking Garage Garage Pool Description In Ground Pool YN Yes Total Parking 11

    Interior Features

    Baths Total 12.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 1408819 Gross Income 124500 Gross Operating Income 120765 Like Units1 4 Like Units2 8 Net Operating Income 55880.00 Number Of Buildings 1 Number Of Units 12 Owner Pays Pool ServiceWaterGardener Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays GasCable TvElectricity Total Annual Expense 64885 Type Of Units Apartment Year Built Source Assessor Zoning Lcr3yy

    Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T18:42:48.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583