6211 E Olympic Boulevard 3/4, East Los Angeles, California 90022, East Los Angeles, 90022 - 3 bed, 3 bath

6211 E Olympic Boulevard 3/4, East Los Angeles, California 90022 home-pic-0
ACTIVE UNDER CONTRACT$649,900
6211 E Olympic Boulevard 3/4, East Los Angeles, California 90022
3Beds
3Baths
1,520Sqft
2,559Lot
Year Built
1949
Close
-
List price
$650K
Original List price
$795K
Price/Sqft
$428
HOA
-
Days on market
-
Sold On
-
MLS number
IV24242289
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $649.9K(6th), sqft - 1520(12th), beds - 3(71th), baths - 3(82th).

Great investment opportunity with great upside potential. Can live in one and rent the other two. All units are currently occupied... This tri-plex, each unit with a 1 bedroom 1 bath, is located near all conveniences such as the Commerce Center Mall & Eating places just minutes driving distance and Montebello Park Elementary School, and Saybrook Park, both within walking distance. 6211 & 6211 1/2 are attached and 6211 3/4 is detached and is above the two-car garage.

Price History

Date
Event
Price
09/18/25
Price Change
$649,900
12/01/24
Listing
$795,000
Condition Rating
Poor

The property was built in 1949, making it 75 years old. The single exterior image shows an older stucco building with dated windows and minimal landscaping, indicating no recent significant exterior renovations. Crucially, there are no interior images provided, which for a property of this age, strongly suggests that the kitchens and bathrooms are severely outdated, likely original or from a renovation 30-50+ years ago. The description mentions 'Great investment opportunity with great upside potential,' which typically implies that substantial rehabilitation and modernization are required to increase its value. Given the age and lack of visible updates, it's highly probable that major systems (electrical, plumbing, HVAC) are also very old and require significant repairs or replacement to meet current safety and comfort standards. This aligns with the 'poor' condition criteria, indicating substantial repairs and rehabilitation are needed.
Pros & Cons

Pros

Strong Investment Potential: Explicitly marketed as a 'Great investment opportunity with great upside potential' and the ability to 'live in one and rent the other two', appealing to owner-occupant investors.
Immediate Income Stream: All units are currently occupied, ensuring rental income from day one for the new owner without the need to find tenants.
Convenient Location: Located near essential conveniences such as Commerce Center Mall, various eating places, and within walking distance to Montebello Park Elementary School and Saybrook Park, enhancing tenant appeal.
Significant Price Adjustment: The list price has seen a substantial reduction from $795,000 to $649,900, indicating a motivated seller and potentially increased value for the buyer.
Flexible Unit Configuration: The triplex includes a detached unit (6211 3/4) located above the two-car garage, offering potential for varied tenant preferences or owner-occupancy with added privacy.

Cons

Age of Property: Built in 1949, the property is over 70 years old, which may imply aging infrastructure, systems, and the potential for deferred maintenance or the need for significant modernization.
Small Lot Size: With a lot size of only 2559 sqft, the property offers limited outdoor space for tenants and restricts potential for future expansion or additional amenities.
Active Under Contract Status: The property is currently 'Active Under Contract', meaning it is not immediately available for new offers, which can deter interested buyers looking for immediate acquisition.

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