617 Echandia Street

Los Angeles, CA 90033

$1,275,000
Last Sold Price
8
Beds
7
Baths
3,872 Sq. Ft.
$329 / Sq. Ft.
3,872
Sq. Ft.
$329
per Sq. Ft.

Description

Pleased to offer a well kept 6 unit apartment building consisting of Four 1 Bed + 1 Bath and Two 2 Bed + 1.5 Bath. The existing Cap and GRM areattractive and there is future upside in rents. The property sits on an oversized 11,841 sq. ft. lot and is located in a Tier 3 TOC. There are 3 separate buildings, offeringprivacy for the tenants. There are newer windows, roofs and paved driveway. The location has a good walk score and a stones throw away from White Memorial Hospitaland Bridge Street Elementary...Pleased to offer a well kept 6 unit apartment building consisting of Four 1 Bed + 1 Bath and Two 2 Bed + 1.5 Bath. The existing Cap and GRM areattractive and there is future upside in rents. The property sits on an oversized 11,841 sq. ft. lot and is located in a Tier 3 TOC. There are 3 separate buildings, offeringprivacy for the tenants. There are newer windows, roofs and paved driveway. The location has a good walk score and a stones throw away from White Memorial Hospitaland Bridge Street Elementary School.
  1. Listed by Jon Emrani • DRE #01427038 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 617 Echandia Street

Zoning
LARD1.5
Parcel Number
5174003014
Total Units
6.0
Living Area
3872
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
3,133
Lot Size Area
11830

Location

Listing Courtesy of Marcus & Millichap, Jon Emrani, DRE #01427038

Sold By RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Add your commute
LISTING UPDATED: 07/26/2023 12:36 PM

Property Details for 617 Echandia Street

StatusSold
MLS #23-250689
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.27 AC / 11,830 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jon Emrani, DRE #01427038

Sold By RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Add your commute

Building Information for 617 Echandia Street

Stories-Residences-Year Built1964Building Size-Lot Size0.27 AC / 11,830 SF

Payment Calculator

$7,460 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,958

Property Taxes

$502

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 617 Echandia Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $101,291
  • Net Operating Income: $71,819.00
  • Gross Income: $104,424
  • Cap Rate: 5.52%
  • Gross Rent Multiplier: $12.45
  • Total Annual Expense: 29472
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2716
  • Lot Size Square Feet: 11830
Parking Details
Parking Details
  • Parking Garage: Above Street Level
  • Total Parking: 7
  • Parking Features: Driveway Down Slope From Street
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 03-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,003.20
  • Unit Actual Rent: $4,013.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,344.50
  • Unit Actual Rent: $4,689.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $105,072.00
  • Assessed Improvement Percent: 26.67
  • Assessed Land Value: $288,966.00
  • Assessed Land Percent: 73.33
  • Assessed Total Value: $394,038.00

Property History for 617 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 617 Echandia Street

Taxable ValueLand$294,745Additions$107,173Total$401,918
Tax Record2023$6,023 ($502 / month)
Home Facts
Total Finished SqFt3,872 SqFtAbove Grade Finished SqFt3,872 SqFtLot Size11,831 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN5174-003-014

Schools near 617 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

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jon Emrani, DRE #01427038

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.