716 Echandia Street

Los Angeles, CA 90033

$1,275,000
Price
8
Beds
6
Baths
3,044 Sq. Ft.
$419 / Sq. Ft.
3,044
Sq. Ft.
$419
per Sq. Ft.

Description

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...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.
  1. Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3108017373
  2. Listed by Evelyn Baez Gonzalez • DRE #02103055 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 716 Echandia Street

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3044
Assessor Parcel Number
5174-003-038
Property Attached YN
true
LISTING UPDATED: 01/14/2025 09:49 PM

Property Details for 716 Echandia Street

StatusActive
MLS #SB24241731
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1895
CountyLos Angeles County

Building Information for 716 Echandia Street

Building/Complex716 Echandia StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1895Building Size-

Property Information for 716 Echandia Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $124,488
  • Gross Scheduled Income: $124,488
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $93,239
  • Gross Multiplier: 10.24
  • Cap Rate: 7.31
Expense Details
  • Operating Expense: $27,514
  • New Taxes Expense: $15,172
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,892
  • Maintenance Expense: $3,250
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $5,000
  • Total Expenses: $27,514
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 2035
  • Tax Census Tract: 2035.00
  • CFD/Mello-Roos Fee: $911
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Level, Walkstreet
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,800
  • Unit Type Pro Forma: 4800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,990
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,918
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $951
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $715
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 716 Echandia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 716 Echandia Street

Taxable ValueLand$492,139Additions$328,093Total$820,232
Tax Record2024$10,668 ($889 / month)
Home Facts
Total Finished SqFt3,044 SqFtAbove Grade Finished SqFt3,044 SqFtLot Size7,472 SqFtStyleMulti-Family Res (5+ Units)Year Built1895ZoningLAR2CountyLOS ANGELESAPN5174-003-038

Schools near 716 Echandia Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bridge Street Elementary School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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716 Echandia Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on January 15, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,275,000. It has been on the market for a total of 29 days and was last sold on August 3, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Bridge Street Elementary School, Hollenbeck Middle School and Felicitas And Gonzalo Mendez High. 716 Echandia Street is a 8-bed, 6-bath, 3,044 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.