Exceptional investment opportunity in Boyle Heights! This 5-unit multifamily property features a desirable mix of units, including one spacious 4-bedroom, 2-bathroom unit, along with four 1-bedroom, 1-bathroom units. The property sits on a generous lot and offers a strong rental upside with a current cap rate of 8.21%, making it an attractive option for both seasoned investors and those looking to expand their portfolio. Conveniently located near Downtown Los Angeles, the Arts District, major freeways, schools, parks, and neighborhood amenities, this property benefits from consistent rental demand and excellent potential for both cash flow and long-term appreciation.
Listed by Nery Lucio-Cabrera
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License #02195967
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Luxury Collective
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323-682-2806
Listed by Steve Julian
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License #01909119
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Luxury Collective
Last updated October 21, 2025
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Source: CRMLS #SR25194148
Listing Facts
TypeMulti-family
NeighborhoodBoyle Heights
Days on Prevu49
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/18/2025
Status changed to Active
$1,099,999
10/18/2025
Price Decreased
$1,099,999
10/04/2025
Status changed to Temporarily Off Market
$1,150,000
09/21/2025
Status changed to Active
$1,150,000
09/20/2025
Status changed to Removed from Feed
$1,150,000
09/11/2025
Status changed to Active
$1,150,000
09/10/2025
Status changed to Removed from Feed
$1,150,000
09/10/2025
Status changed to Active
$1,150,000
09/09/2025
Status changed to Removed from Feed
$1,150,000
09/08/2025
Status changed to Active
$1,150,000
09/06/2025
Status changed to Removed from Feed
$1,150,000
09/03/2025
Listed by Luxury Collective
$1,150,000
Property Details for 716 Echandia Street
Association
Amenities
Community Features: Urban
Exterior
Construction
Number Of Units Total: 5
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1895
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front Door
Features
Fencing: Wire
Measurements
Building Area Total: 3,044
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.17
Lot Size Area: 7,472
Lot Size Source: Public Records
Lot Size Square Feet: 7,472
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 8.21
Gross Income: $112,563.00
Operating Expense: $28,222.00
Taxes
Parcel Number: 5174003038
Interior
Features
Appliances: Gas Range, Microwave, Refrigerator
Flooring: Laminate
Other
Location
Tax Block: 15
Tax Lot: 8
Parking
Parking
Garage Spaces: 1
Garage: Yes
Parking Features: Assigned, Driveway, Garage
Parking Total: 9
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Inside
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.