12-Unit Apartment Building with
6150 E Olympic Blvd, Los Angeles, CA 90022
For Sale
$2,995,000
Residential Income, Los Angeles, CA
Property Size7,956 SF
Lot Size0.24 Acres
Price / SF$376.45
Days on Market95
Property Features for 6150 E Olympic Blvd
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Amenities
pool
garage parking
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #01713570
(626) 657-8150
Added: Aug 6
Changed: Oct 24
Last Checked: Nov 8 at 2:06AM
MLS# 26868873
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment property in Los Angeles was built in 1962 and contains 7,956 square feet on a 0.2415-acre lot. The unit mix includes four 2-bedroom/1-bath apartments and eight 1-bedroom/1-bath apartments. Property features include a swimming pool, garage parking, and on-site laundry. Recent capital improvements included implementation of a Ratio Utility Billing System (RUBS), while gas and electricity are separately metered for tenants.
The property is located east of Garfield Avenue near Whittier Boulevard’s restaurants, retail, and entertainment offerings. Access to the 5, 710, and 60 Freeways connects the property with Downtown Los Angeles and surrounding areas. The apartment community is subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, and the zoning designation is LCR3YY.
The property is located east of Garfield Avenue near Whittier Boulevard’s restaurants, retail, and entertainment offerings. Access to the 5, 710, and 60 Freeways connects the property with Downtown Los Angeles and surrounding areas. The apartment community is subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, and the zoning designation is LCR3YY.
Key Highlights
- 12‑unit apartment property with a 7,956‑square‑foot building on 0.2415 acres
- Unit mix includes four 2‑bedroom/1‑bath and eight 1‑bedroom/1‑bath apartments
- Pool, garage parking, and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,333
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,326,660
$3.3M
Cap Rate 7%
$2,376,186
$2.4M
Cap Rate 9%
$1,848,144
$1.8M
Market Conditions
NOI Build-Up for 7,956 SF
Gross rent
$304.6K $38.28/SF
− Vacancy
−$2.1K −$0.27/SF
EGI
$302.4K $38.01/SF
− OpEx
−$136.1K −$17.11/SF
NOI
$166.3K $20.91/SF
Area
ZIP 90022
Vacancy
0.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,326,660
Cap Rate 7%
$2,376,186
Cap Rate 9%
$1,848,144
Alternative Uses
Best Use
Apartment 5plus
$2.38M
$2.08M – $2.77M
NOI $166,333 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,909 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a pool, garage parking, and on-site laundry.
Where is this apartment building located?
The property is located at 6150 E Olympic Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 12‑unit apartment property with a 7,956‑square‑foot building on 0.2415 acres; Unit mix includes four 2‑bedroom/1‑bath and eight 1‑bedroom/1‑bath apartments; Pool, garage parking, and on‑site laundry
