NOT LISTED FOR SALE

6150 E Olympic Blvd East Los Angeles, CA 90022

16 Beds
12 Baths
7,956 Sq Ft
10,517 Sq Ft Lot

Last Sold March 23, 2021

Last sale price $1,905,000 $239 Per Sq Ft

15 Days on Market

Highlights

  • In Ground Pool
  • 11 Car Garage
  • 4-minute walk to Saybrook Park
  • 0.24 Acre Lot

About This Home

As of March 2021

We are pleased to present for sale 12 units in a Prime East Los Angeles Neighborhood, Montebello Adjacent. This is the first time the property has been offered for sale in 18 years! Excellent unit mix of spacious 1 and 2 bedroom units. Rents are currently well below market level and have about +/- 83% in Rental Upside Potential. Tenants enjoy the convenience of Secured Entry, Pool, Laundry Room and On-Site Garage Parking. The property is Separately Metered for Gas & Electricity. Situated East of Garfield Avenue, a Short Commute to Downtown Los Angeles and Convenient Access to the 5, 710 & 60 Freeways.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 02/08/2021

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 02/08/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 10,517

Parking

  • 11 Car Garage

Interior Spaces

  • 7,956 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Additional Features

  • In Ground Pool
  • 10,517 Sq Ft Lot

Community Details

  • 12 Units
  • Vacancy Allowance $3,735

Listing and Financial Details

  • Tenant pays for gas, cable TV, electricity
  • The owner pays for pool service, water, gardener
  • Assessor Parcel Number 6338-011-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

11

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7956
  • Lot Acreage: 0.2414
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 276.52

Exterior Features

  • Other Structures: Other
  • Pool Description: In Ground
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 11
  • Parking Garage: Garage
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 78.26
  • Assessed Improvement Value: 1102556
  • Assessed Land Percent: 21.74
  • Assessed Land Value: 306263
  • Total Assessed Value: 1408819
  • Assessor Parcel Number: 6338-011-019
  • Lot Size Area: 10517

Rental Info

  • Owner Pays: Pool Service, Water, Gardener
  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.67
  • Number Of Units: 12
  • Type Of Units: Apartment
  • Vacancy Allow: 3735
  • Vacancy Allow Percent: 3.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2021 03/23/21 Sold $1,905,000 -13.4% $239 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $2,200,000 -- $277 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,084 $2,062,030 $721,980 $1,340,050
2024 $30,091 $2,021,599 $707,824 $1,313,775
2023 $29,451 $1,981,961 $693,946 $1,288,015
2022 $28,552 $1,943,100 $680,340 $1,262,760
2021 $23,178 $1,510,535 $328,374 $1,182,161
2020 $23,038 $1,495,047 $325,007 $1,170,040
2019 $22,422 $1,465,734 $318,635 $1,147,099
2018 $22,798 $1,436,995 $312,388 $1,124,607
2017 $22,284 $1,408,819 $306,263 $1,102,556
2016 $21,829 $1,381,196 $300,258 $1,080,938
2015 $20,729 $1,360,450 $295,748 $1,064,702
2014 $20,490 $1,333,801 $289,955 $1,043,846
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2021

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    7 in this area

    60 Total Sales

    Shant Sherbetdjian
    Section Image
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Map

Source: The MLS

MLS Number: 21-690002

The MLS
California Los Angeles County East Los Angeles 90022

6150 E Olympic Blvd, East Los Angeles, CA

Not Listed for Sale

MultiFamily

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