Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-01-17 09:11:07.000000. Listing information © 2024 Sandicor.
Asking Price: $1,275,000 |
716 Echandia, Los Angeles CA 90033
Community: BOYH - Boyle Heights
This Apartment property was built in 1895 and is priced at $1,275,000. Please see the additional details below.
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.