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6 Single-Story Units (2 Triplexes) East LA 6438 E Olympic Blvd 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 3.27% Cap Rate East Los Angeles, CA 90022
INVESTMENT HIGHLIGHTS
- First Time on the Market in 51 Years! Pride-of-ownership 6-unit apartment offering in East Los Angeles, just 2 blocks from Montebello
- This rare opportunity features two side-by-side single-story triplexes, each on its own parcel, being sold together
- Each of the six 1-bed, 1-bath units is spacious and well-maintained, with many recent upgrades, including updated electrical systems
- Family-owned and operated for over five decades | Situated on a combined 9,674 SF lot zoned LCR3YY, the property offers ADU development potential
- A classic garden-style setting with secured entry and garage parking for all units
- Highly desirable East L.A. neighborhood that is "Very Walkable" (Walk Score: 77) and qualifies for residential financing
EXECUTIVE SUMMARY
First Time on the Market in 51 Years! Pride-of-ownership 6-unit apartment offering in East Los Angeles, just 2 blocks from Montebello. This rare opportunity features two side-by-side single-story triplexes, each on its own parcel, being sold together. Situated on a combined 9,674 SF lot zoned LCR3YY, the property offers ADU development potential and a classic garden-style setting with secured entry and garage parking for all units. Each of the six 1-bed, 1-bath units is spacious and well-maintained, with many recent upgrades, including updated electrical systems. Family-owned and operated for over five decades, the property is located in a highly desirable East L.A. neighborhood that is "Very Walkable" (Walk Score: 77) and qualifies for residential financing. Tenants enjoy easy access to the Citadel Outlets, Chroni's Famous Hot Dogs, and the 5, 60, and 710 freeways. Explore the property and neighborhood vibe in our video tour! (Check Out The Link) Subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance. Offered as a 6-unit sale, totaling 3,564 SF of building space. Each triplex (3 units) is also listed separately at $750,000. Contact listing agent for more details. Situated in the heart of East Los Angeles, on East Olympic Boulevard, between North Garfield Avenue and Server Avenue; the nearest major intersection is East Olympic Boulevard and North Garfield Avenue. A block from the Saybrook Park. Please Note: All six (6) units are tenant-occupied. Do not disturb occupants. Please do not walk on the property or engage with tenants regarding the sale, tenants are not aware the property is on the market. Direct all inquiries to the listing agent. This offering includes two parcels situated side-by-side, being sold together: 6434 E Olympic Blvd | APN: 6351-027-009 | 3 Units and 6438 E Olympic Blvd | APN: 6351-027-010 | 3 Units - Each triplex is also listed at $750,000. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact Listing Agent.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$91,032
|
$28.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,731
|
$0.86
|
| Effective Gross Income |
$88,301
|
$27.68
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,265
|
$12.31
|
| Net Operating Income |
$49,036
|
$15.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $91,032 |
| Annual Per SF | $28.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,731 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $88,301 |
| Annual Per SF | $27.68 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,265 |
| Annual Per SF | $12.31 |
| Net Operating Income | |
|---|---|
| Annual | $49,036 |
| Annual Per SF | $15.37 |
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 3.27% | Building Size | 3,190 SF |
| Gross Rent Multiplier | 16.48 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Zoning | LCR3YY - restricted Density Multiple Dwelling | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 3.27% |
| Gross Rent Multiplier | 16.48 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,190 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | LCR3YY - restricted Density Multiple Dwelling |
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Walk Score®
Very Walkable (79)
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6 Single-Story Units (2 Triplexes) East LA | 6438 E Olympic Blvd
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