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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,625,000
Est. payment /mo
New
6405 E Olympic BLD East Los Angeles, CA 90022
6,629 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25076896
Originating Board California Regional MLS
Year Built 1952
Lot Size 6,629 Sqft
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 ex
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Interior
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Assigned Spaces
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 6351026029
Special Listing Condition Not Applicable
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