CA > East Los Angeles
East Los Angeles, CA 90022,6405 E Olympic BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,625,000
Est. payment /mo
6,629 Sqft Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25076896

HOA Y/N No

Year Built 1952

Lot Size 6,629 Sqft

Property Sub-Type Apartment

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 excellent returns, but also offers a stable and convenient lifestyle for tenants, making it a compelling acquisition in East Los Angeles.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6351026029

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443

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