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 Lot

Sale Details

Date 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

10,517 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: The MLS

MLS Number: 21-690002

The MLS
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