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6150 E Olympic Blvd, Los Angeles, CA 90022
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6150 E Olympic Blvd Los Angeles, CA 90022

$1,905,000 Sold Price as of 03/23/2021
  • 16 Beds
  • 12 Baths
  • 7,956 Sq.Ft.
Sold
$1,905,000 Sold Price as of 03/23/2021 Refinance Your Mortgage
Map preview of 6150 E Olympic Blvd, Los Angeles, CA 90022

Property Overview: 6150 E Olympic Blvd Los Angeles, CA has 16 bedrooms, 12 bathrooms, 7,956 living square feet and 10,517 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
10,517
HOA Dues
$0/mo
Year built
1962
Garage
11 Car
Property Type:
Multi Family
Status
Sold
MLS#
21690002
City
Los Angeles
County
Los Angeles
Time on Site
1185 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $906
  • Total Rent: $3,625
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $818
  • Total Rent: $6,550
  • Pro Forma/Market Rent: $11,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.67
  • Gross Scheduled Income: --
  • Net Operating Income: $55,880
  • Gross Operating Income: $120,765
  • Laundry Income: $200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6150 E Olympic Blvd

Exterior Features
Exterior Features
  • No Pool
  • Pool Features: In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 6338011019
Location / Neighborhood
Location Information
  • Directions: Excellent location situated in Prime East Los Angeles Neighborhood. Sitting on East Olympic Blvd between South Hendricks Ave and Hanover Ave. Nearest major cross streets are Whittier Blvd and South Atlantic Blvd. Situated West of Garfield Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 6150 E Olympic Blvd

Last sold for $1,905,000 on March 23rd, 2021

  • March, 2021

  • Mar 23, 2021

    Date

    Sold

    CRMLS: 21690002

    $1,905,000

    Price

  • Feb 23, 2021

    Date

    Pending

    CRMLS: 21690002

    $2,200,000

    Price

  • Feb 9, 2021

    Date

    Active

    CRMLS: 21690002

    $2,200,000

    Price

  • October, 2020

  • Oct 13, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2004

  • Jan 21, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 6150 E Olympic Blvd

Assessed Value (2020): $1,495,047
Year Land Value Improved Value Assessed Value
2020 $325,007 $1,170,040 $1,495,047

Home Value Compared to the Market

This property vs the competition

6150 E Olympic Blvd sold on March 23, 2021 for 84.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $276.52 per/sqft which puts the price per square foot 63.37% lower than the current median sale per square foot for the city of Los Angeles.

About 6150 E Olympic Blvd

Detailed summary of property

6150 E Olympic Blvd is a multi family that recently sold in Los Angeles, CA 90022. This multi family property offered 16 bedrooms, 12 bathrooms, roughly 7,956 living square feet, and sits on an approximately 10,517 square foot lot. 6150 E Olympic Blvd was first listed on ArdentRealEstateGroup.com on February 9, 2021. The homeowner sold the property for $1,905,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 84.87% higher than the current median priced home. Local homes that are currently for sale include 6340 Pierce Ave, 1818 N Broadway and 3408 N Figueroa St. While the average home in Los Angeles, CA is selling in 94 days, 6150 E Olympic Blvd has a days on market of 15 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 6150 E Olympic Blvd Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6150 E Olympic Blvd

Public county record property details
Beds
16
Baths
12
Year built
1962
Sq. Ft.
7,956
Lot Size
10,516
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
272-275
APN
6338-011-019

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,800
Median List Price/Sq.Ft.
$634
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
18
Median Sale to List Price %
101%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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