6405 E Olympic Boulevard, East Los Angeles, CA 90022 - Berkshire Hathaway HomeServices California Properties
6405 E Olympic Boulevard East Los Angeles, CA 90022
$1,625,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# CV25076896
List price is $1,625,000
Beds: 0
Baths: 0
Built in 1952
0.15 acres
Lot size: 0.1522
County: Los Angeles
Zoning: LCR3YY
Parking description: Assigned
Lot description: ZeroToOneUnitAcre
MLS area: ELA - East Los Angeles

Last Updated: 5/10/2025

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This listing belongs to the ELA - East Los Angeles MLS area

Lat/Long: 34.012421, -118.135223.
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Listing Agent: Kristopher German
Lic#: 01234982
Office Name: Mission Viejo

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