6128 E E Olympic Boulevard, East Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 2 bath
ACTIVE$660,000
6128 E E Olympic Boulevard, East Los Angeles, California 90022
2Beds
2Baths
1,140Sqft
2,567Lot
Year Built
1951
Close
-
List price
$660K
Original List price
$660K
Price/Sqft
$579
HOA
-
Days on market
-
Sold On
-
MLS number
OC25054064
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $660.0K(6th), sqft - 1140(6th), beds - 2(72th), baths - 2(72th).
Nestled in the heart of East Los Angeles, this duplex presents an excellent investment opportunity. The property features two separate units, each offering 1 bedroom and 1 bathroom, laundry in each unit, making it ideal for rental income or multi-generational living. Situated in a high-demand location, this property is conveniently close to public transportation, shopping, dining, and major freeways, providing easy access to Downtown LA and surrounding areas. Additionally, the detached garage offers strong potential for an Accessory Dwelling Unit (ADU), adding even more value and income-generating possibilities.
Price History
Date
Event
Price
02/23/22
Sold
$549,000
03/22/21
Sold
$370,000
Condition Rating
Fair
The property was built in 1951. The images show that the units are functional but outdated. The kitchens and bathrooms appear to be original or have had only minor updates. While the property seems maintained, it requires updates to meet modern standards. The presence of laundry in each unit is a plus, but the overall condition suggests it falls into the 'fair' category.
Pros & Cons
Pros
Income Potential: Duplex with two separate units, each with 1 bed and 1 bath, offering immediate rental income opportunities.
ADU Potential: Detached garage presents a strong possibility for conversion into an Accessory Dwelling Unit (ADU), further increasing income potential and property value.
Prime Location: Conveniently located near public transportation, shopping, dining, and major freeways, providing easy access to Downtown LA and surrounding areas.
Cons
Year Built: Built in 1951, the property may require updates to meet modern standards and preferences.
Lot Size: Relatively small lot size of 2,567 sqft may limit expansion possibilities.