716 Echandia Street
Los Angeles, CA 90033
0.17 acres | #SB24241731
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 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
- Lot DescriptionLevel, RectangularLot, Walkstreet
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,275,000
- MLS #SB24241731
- MLS #SB24241731
- Property SubtypeApartment
- Cost1275000
- Acres0.1716
- Utility SourcePublic
- Year Built1895
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Olga Wright (#SBWRIGOLG)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
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