Homes for sale - 6405 E Olympic BLD, East Los Angeles, CA 90022

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Kristopher German • RE/MAX 2000 REALTY

$1,625,000

Est. payment - /mo

6,629 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRCV25076896

Originating Board California Regional MLS

Year Built 1952

Lot Size 6,629 Sqft

Property 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 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 ex

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Interior

Laundry Laundry Area, Washer/Dryer - Owned

Exterior

Parking Features Assigned Spaces

Garage Spaces 9.0

Pool None

Building

Water District - Public

Others

Tax ID 6351026029

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6405 E Olympic BLD East Los Angeles, CA 90022

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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