6516 E Olympic Boulevard East Los Angeles, CA
$ 975,000
Property Attributes
  • ML#CV20249286
  • TypeIncome
  • CityEast Los Angeles
  • AreaEast Los Angeles
  • Zip90022
  • Style
  • Price$ 975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2677
  • Lot Size4,896 SqFt
Listing Provided Courtesy Of:
Property Description

We are pleased to exclusively offer for sale this "Turn-Key" 5 unit multi-family investment located in the city of East Los Angeles (Located 1 block west of Montebello.) The subject property has been well maintained and offers Copper Plumbing throughout, Updated Interiors, Newer Vinyl Windows, New Exterior Paint, and New Garage Doors. Most units have interior laundry hookups and a private one-car garage. All rental units are separately metered for Electricity & Gas while the owner pays for Water & Trash. The unit mix consists of one oversized 1 Bedroom/1 Bath Unit being utilized as a 2 Bedroom unit, three 1 Bedroom/1 Bath Units, and 1 Studio Unit. All tenants have stayed current on monthly rental payments throughout COVID, and when the new owner feels it is appropriate, all rental units are due for a rental increase as rents have not been raised in the last 12 months. Prime location located just 1 block to the city of Montebello, within minutes to the 60 & 710 Fwys, Private and Public Schools within walking distance, and plenty of retail and dining options.

Price History
12/2/2020 Listed $975,000

General Features

Attached Structure Attached
Community Features Curbs, Gutters, Sidewalks
Cooling Wall/Window Unit(s)
Directions East of I-710 & South of SR-60; Near Intersection of E Olympic Blvd & Garfield Ave
Garage Spaces 4.00
HOA Fee 0.00
Heating Wall Furnace
Levels Two
Listagentaor Citrus Valley
Listing Agent KRISTOPHER GERMAN - BRE#01800021
Listing Agent State License 01800021
MLS Area ELA - East Los Angeles
Number of Units Leased 5
Parking Features Garage
Pool Features None
Price Per Square Foot 364.21
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 5
Zoning LCR3YY

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Gas & Electric Dryer Hookup, See Remarks
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 2677.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1124
Lot Size Area 4895.0000
Lot Size Source Assessor
Lot Size Square Feet 4895.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 4.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90022

AVG $1.12M
AVG 29
Year Built
AVG 1951
AVG 79
Data Provided by Walkscore ® not using MLS data

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