6516 E Olympic Boulevard East Los Angeles, CA
$ 945,000
Property Attributes
  • ML#CV20249286
  • TypeIncome
  • CityEast Los Angeles
  • AreaEast Los Angeles
  • Zip90022
  • Style
  • Price$ 945,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Data Source:
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
1/26/2021 4% - $945,000

General Features

Community Features Curbs, Gutter(s), Sidewalks
Cooling Wall/Window Unit(s)
Garage Spaces 4
Garage Y/N Yes
Heating Wall Furnace
Levels Two
MLS Area ELA - East Los Angeles
Parking Features Garage
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan
Total Actual Rent 5318
Total Units 5
Water Sewer Expense 2456
Zoning LCR3YY

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Electric Dryer Hookup, Gas Dryer Hookup, See Remarks

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.11
Lot Size Area 4895
Lot Size Source Assessor
Lot Size Square Feet 4895
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
Total Parking 4
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 $1.11M
AVG 75
Year Built
AVG 1937
AVG 76
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover