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Listed by: Shant Sherbetdjian (626) 657-8150 DRE #01713570 | Remax Commercial and Investment Realty (213) 817-1000
$2,995,000
Monthly Est:$14,907
16 Beds
12 Baths
7,956sqft
6150 E Olympic Blvd, Los Angeles, CA 90022
$2,995,000
$14,907/moEst:
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Multi Family
Built in 1962
$-- HOA
10,519 sqft lot
$376/sq.ft
Description
Located in a highly desirable East Los Angeles neighborhood adjacent to Montebello, this well-maintained 12-unit apartment community offers an exceptional investment opportunity with a current 6.19% cap rate, making it an ideal choice for a 1031 exchange buyer. The property has benefited from approximately $320,000 in recent capital improvements, including the implementation of a Ratio Utility Billing System (RUBS) to enhance operating efficiency. The attractive unit mix consists of (FOUR) 2-bedroom/1-bath units and (EIGHT) 1-bedroom/1-bath units, with tenants separately metered for gas and electricity. Additional amenities include pool, garage parking and on-site laundry. Ideally situated east of Garfield Avenue, the property enjoys a highly walkable location just minutes from Whittier Boulevard's restaurants, shopping, and entertainment, while offering convenient access to the 5, 710, and 60 Freeways for an easy commute to Downtown Los Angeles. The property is also subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, providing investors with a clear regulatory framework.
- Houzeo last checked: 1 hour ago
- Listing updated: August 18, 2026 at 4:12 pm
- Source: California Regional MLS-CA | MLS#: 26868873
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1962
HOA Fees
-
Finished Area
7,956 sqft
Lot Size
10,519 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26868873
MLS Status
Active
Days on Market
66
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 12
Utilities & Energy
Laundry Features
Laundry Room
Parking Features
One Space
Price History
| Date | Event | Price |
|---|---|---|
08/06/2026 Source: | Listed for Sale | $2,995,000 +57.22% $376/sqft |
03/23/2021 Source: | Sold | $1,905,000 $239/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 05:15AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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