6150 E Olympic Boulevard

Property Overview

Located in a highly desirable East Los Angeles neighborhood adjacent to Montebello, this well-maintained 12-unit apartment community offers an exceptional investment opportunity with a current 6.19% cap rate, making it an ideal choice for a 1031 exchange buyer. The property has benefited from approximately $320,000 in recent capital improvements, including the implementation of a Ratio Utility Billing System (RUBS) to enhance operating efficiency. The attractive unit mix consists of (FOUR) 2-bedroom/1-bath units and (EIGHT) 1-bedroom/1-bath units, with tenants separately metered for gas and electricity. Additional amenities include pool, garage parking and on-site laundry. Ideally situated east of Garfield Avenue, the property enjoys a highly walkable location just minutes from Whittier Boulevard's restaurants, shopping, and entertainment, while offering convenient access to the 5, 710, and 60 Freeways for an easy commute to Downtown Los Angeles. The property is also subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, providing investors with a clear regulatory framework.

Home Details

Property type: Residential Income
Year built: 1962
Living area: 7,956 sq ft
Lot size: 10,519 sq ft
Parking: 12 spaces
Stories: 2
Days on market: 12
MLS status: Active
Zoning: LCR3YY

Features & Amenities

Parking

One Space

Location & Neighborhood

Los Angeles, CA 90022

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Frequently Asked Questions About 6150 E Olympic Boulevard

Property type: Residential Income

The current asking price is $2,995,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 6150 E Olympic Boulevard. Our team will confirm availability and timing.

This 16 bedrooms and 12 bathrooms property offers approximately 7,956 square feet of living space. It was built in 1962. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 12 days. Status can change, so verify availability before relying on it.