Seller's Agent in 2021
Kristopher German
RE/MAX
(909) 645-0443
128 Total Sales
6516 E Olympic Blvd Los Angeles, CA 90022
East Los Angeles Area
4
Beds
5
Baths
2,677
Sq Ft
4,895
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Facilities
- Wall Furnace
About This Home
As of October 2021We are pleased to exclusively offer for sale this "Turn-Key" 5 unit multi-family investment located in the city of East Los Angeles (Located 1 block west of Montebello.) The property is being offered for purchase at a 5.26% CAP Rate based on current actual rents! The current owner has made a substantial amount of improvements to the property such as: Copper Plumbing throughout, Updated Interiors, New Vinyl Windows, New Exterior Paint, and New Garage Doors. Most units have interior laundry hookups and a private one-car garage. All rental units are separately metered for Electricity & Gas while the owner pays for Water & Trash. The unit mix consists of one oversized 1 Bedroom/1 Bath Unit being utilized as a 2 Bedroom unit, three 1 Bedroom/1 Bath Units, and 1 Studio apartment. All tenants have stayed current on monthly rental payments throughout COVID, and when the new owner feels it is appropriate, all rental units are due for a rental increase as rents have not been raised in the last 12 months. Prime location located just 1 block to the city of Montebello, within minutes to the 60 & 710 Fwys, Private and Public Schools within walking distance, and plenty of retail and dining options.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 08/16/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 4,895 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 2,677 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 402
- Tax Tract Number 8649
- Assessor Parcel Number 6351017006
- $2,683 per year additional tax assessments
Community Details
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Maintenance Expense $2,500
- Other Expense $750
- Water Sewer Expense $2,456
- New Taxes Expense $10,544
- Operating Expense $17,750
- Gross Income $67,104
- Net Operating Income $47,341
Additional Features
- 5 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2021 10/21/21 | Sold | $900,000 | 0.0% | $336 / Sq Ft | |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- | |
| 08/16/2021 08/16/21 | For Sale | $900,000 | 0.0% | $336 / Sq Ft | |
| 08/16/2021 08/16/21 | Off Market | $900,000 | -- | -- | |
| 02/11/2014 02/11/14 | Sold | $515,000 | -1.9% | $192 / Sq Ft | View Prior Sale |
| 11/27/2013 11/27/13 | For Sale | $525,000 | -- | $196 / Sq Ft | |
| 11/27/2012 11/27/12 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $13,989 | $955,086 | $620,806 | $334,280 |
| 2024 | $13,604 | $936,360 | $608,634 | $327,726 |
| 2023 | $13,547 | $918,000 | $596,700 | $321,300 |
| 2022 | $13,129 | $900,000 | $585,000 | $315,000 |
| 2021 | $9,796 | $624,711 | $311,605 | $313,106 |
| 2019 | $9,481 | $606,183 | $302,363 | $303,820 |
| 2018 | $9,630 | $594,298 | $296,435 | $297,863 |
| 2016 | $9,222 | $571,223 | $284,925 | $286,298 |
| 2015 | $8,345 | $525,289 | $321,293 | $203,996 |
| 2014 | $3,245 | $75,151 | $22,771 | $52,380 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21181040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
Nearby Homes
- 6554 E Olympic Blvd
- 6522 Hereford Dr
- 6513 Allston St
- 6260 Ferguson Dr
- 6674 Easton St
- 6650 Allston St
- 6186 Hereford Dr
- 6121 E Olympic Blvd
- 2416 W Repetto Ave
- 737 Brady Ave
- 6047 Dennison St
- 701 Findlay Ave
- 752 Harding Ave
- 6014 Hereford Dr
- 468 Via Vista
- 400 Hay St
- 2645 W Via Corona
- 2517 W Beverly Blvd
- 2616 W Beverly Blvd
- 340 Morris Place
- 6507 Fairfield St
- 6513 Fairfield St
- 6503 Fairfield St
- 6515 Fairfield St
- 6506 E Olympic Blvd
- 6508 E Olympic Blvd
- 6521 Fairfield St
- 6510 E Olympic Blvd
- 6500 E Olympic Blvd Unit 8
- 6500 E Olympic Blvd
- 6514 E Olympic Blvd
- 6525 Fairfield St
- 6506 Fairfield St
- 6456 E Olympic Blvd
- 6453 Fairfield St
- 6510 Fairfield St
- 6502 Fairfield St
- 6516 Fairfield St
- 6520 E Olympic Blvd
- 6456 Fairfield St
Your Personal Tour Guide
Ask me questions while you tour the home.