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$2,995,000

6150 E Olympic Boulevard

Los Angeles, CA 90022

Active

Beds

Baths

7,956

Sq. Ft.

1962

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

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.

Listed by Shant Sherbetdjian · DRE #01713570 · Remax Commercial and Investment Realty

MLS #1179520992

ListedAug 6, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units12

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryLaundry Room

Parking FeaturesOne Space

Parking Total12

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.24 ac

Lot FeaturesN/A

ViewN/A

DirectionsExcellent location situated in a Prime East Los Angeles Neighborhood. Sitting on East Olympic Blvd between South Hendricks Ave and Hanover Ave. Nearest major cross streets are East Olympic Blvd and South Garfield Ave.

Community

AreaELA - East Los Angeles

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$15,941/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 3:45 PM

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