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716 Echandia Street

Los Angeles (City), CA 90033
  • $1,195,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: SB24241731
Price Reduced
UPDATED: 87 min ago
$1,195,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

Outstanding opportunity at over 7% Cap Rate on current income. The spacious front house has been fully gutted and remodeled, and can be delivered vacant or rented at $4,800. The 4-plex behind it has also undergone extensive renovations and consists of four 1-bedroom units with rents of $1,990, $1,918, $951, and $715. The large 7,470 Sq. Ft. lot provides ample on-site parking for residents. This renovated property offers an excellent layout for an owner-user or investment property, featuring a detached front house and a separate 4-plex at the rear, all situated on a single lot. ***Located in a sought-after area of Boyle Heights, this property sits on a quiet cul-de-sac in a residential neighborhood, close to parks, restaurants, medical facilities, public transportation, and offers easy access to freeways.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159454752
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716 Echandia Street Los Angeles (City), CA 90033

  • Price: $1,195,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 87 min ago
  • MLS #: SB24241731
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1895
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
Outstanding opportunity at over 7% Cap Rate on current income. The spacious front house has been fully gutted and remodeled, and can be delivered vacant or rented at $4,800. The 4-plex behind it has also undergone extensive renovations and consists of four 1-bedroom units with rents of $1,990, $1,918, $951, and $715. The large 7,470 Sq. Ft. lot provides ample on-site parking for residents. This renovated property offers an excellent layout for an owner-user or investment property, featuring a detached front house and a separate 4-plex at the rear, all situated on a single lot. ***Located in a sought-after area of Boyle Heights, this property sits on a quiet cul-de-sac in a residential neighborhood, close to parks, restaurants, medical facilities, public transportation, and offers easy access to freeways.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features LevelRectangular LotWalkstreet Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 7.39 Common Interest Community Apartment Community Features Street LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 124488 Gross Scheduled Income 124488 Insurance Expense 2892 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 3250 Net Operating Income 93536 New Construction YN No New Taxes Expense 14875 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 27217 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 10374 Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 5000 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)