Outstanding opportunity at over 7% Cap Rate on current income. This renovated property offers an excellent layout for an owner-user, featuring a detached front house and a separate 4-plex at the rear, all situated on a single lot. 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. ***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:
$1,275,000
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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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
716 Echandia Street
Los Angeles, CA
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