NOT LISTED FOR SALE

6650 E Olympic Blvd Los Angeles, CA 90022

Estimated Value: $607,000 - $750,000

2 Beds
2 Baths
1,140 Sq Ft
$581/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $580,000 $509 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,640/month

97 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Floor Furnace
  • No HOA
  • Bungalow
  • Rectangular Lot

About This Home

As of July 2024

Back on the Market. Priced to sell! Discover an exceptional chance to claim a piece of the American dream with this captivating duplex in the heart of East Los Angeles, just moments away from the City of Montebello. Nestled in unincorporated Los Angeles County, this property presents a harmonious fusion of convenience, affordability, and promising investment potential with a brand new 30-year roof and new copper plumbing. Each unit boasts 1 bedroom, 1 bathroom, and a detached 2-car garage (potentially an ADU), offering a comfortable and practical living space. This property is an ideal investment opportunity given its strategic location near prominent shopping centers and Downtown Los Angeles. Whether you reside in one unit and lease the other, expand your investment portfolio, or assist your adult children in their journey toward homeownership, the options are endless. Don't miss this golden opportunity to secure a valuable asset in a sought-after location. Take swift action, as opportunities like this are fleeting. Reach out today for this remarkable chance before it slips away – seize the moment and move towards a brighter future!

Last Agent to Sell the Property

Tony Lopez

Coldwell Banker Envision Brokerage Phone: 562-762-7403 License #01752038 Listed on: 03/07/2024

Coldwell Banker Envision

Last Buyer's Agent

Walter Fajardo

Century 21 Masters License #01172252

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 2,493 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • No Landscaping
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Window Bars
  • Fire and Smoke Detector

Utilities

  • Floor Furnace
  • Combination Of Heating Systems
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 128
  • Tax Tract Number 10083
  • Assessor Parcel Number 6351008012
  • $1,140 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $280
  • Water Sewer Expense $1,200
  • Operating Expense $2,730
  • Gross Income $33,600
  • Net Operating Income $30,870

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security: Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR3YY
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6351008012
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 508.77
  • Room Type: All Bedrooms Down, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Combination, Floor Furnace, Wall Furnace
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Trash Expense: 280.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, No Landscaping
  • Lot Size Sq Ft: 2493.00
  • Lot Size Acres: 0.0572
  • Latitude Manual: 34.01093900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 570 Square Feet
  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 2493.0000 Square Feet
  • Net Operating Income: 30870.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 2730.00
  • Rent Control: No
  • Total Actual Rent: 1400.00
  • Total Expenses: 2730.00

Tax Info

  • Tax Census Tract: 5319.02
  • Tax Lot: 128
  • Tax Tract Number: 10083
  • TaxOtherAnnualAssessmentAmount: 1140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Jul 5, 2024
Sold by
Ana Maria Sanchez Living Trust and Sanchez Ana Marla
Bought by
Pedroza Saul
Seller's Agent
Tony Lopez
Coldwell Banker Envision
Buyer's Agent
Walter Fajardo
Century 21 Masters
List Price
$595,000
Sold Price
$580,000
Premium/Discount to List
-$15,000
-2.52%
Views
141
Current Estimated Value
$661,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,990
Avg. Annual Appreciation
9.35%
Original Mortgage
$569,494
Outstanding Balance
$562,744
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$99,246

Purchase Details

Closed on
Feb 5, 2013
Sold by
Sanchez Ana Maria
Bought by
The Ana Maria Sanchez Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pedroza Saul $580,000 Orange Coast Title Company
The Ana Maria Sanchez Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedroza Saul $569,494
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $580,000 -2.5% $509 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $595,000 0.0% $522 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
04/08/2024 04/08/24 Price Changed $595,000 -5.6% $522 / Sq Ft
03/07/2024 03/07/24 For Sale $630,000 -- $553 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,183 $580,000 $450,000 $130,000
2024 $2,183 $78,080 $28,735 $49,345
2023 $2,007 $76,550 $28,172 $48,378
2022 $1,961 $75,050 $27,620 $47,430
2021 $1,914 $73,579 $27,079 $46,500
2019 $1,869 $71,399 $26,277 $45,122
2018 $1,842 $70,000 $25,762 $44,238
2016 $1,772 $67,283 $24,762 $42,521
2015 $1,713 $66,274 $24,391 $41,883
2014 $1,655 $64,977 $23,914 $41,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24046595

California Regional Multiple Listing Service (CRMLS)

APN: 6351-008-012