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.
Property Details
Price:
$1,250,000
MLS #:
SB24241731
Status:
Active
Baths:
0
Address:
716 Echandia Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Jan 14, 2025
State:
CA
ZIP:
90033
Lot Size:
7,474 sqft / 0.17 acres (approx)
Year Built:
1895
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Schools
Interior
Exterior
Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
0.00
Lot Features
Rectangular Lot, Level, Walkstreet
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address716 Echandia Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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716 Echandia Street
Los Angeles, CA
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