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716 Echandia St 5 Unit Apartment Building $1,454,155 CAD ($290,831 CAD/Unit) 8.60% Cap Rate Los Angeles, CA 90033
EXECUTIVE SUMMARY
8%+ Cap Rate. Exceptional investment opportunity in Boyle Heights! This 5-unit multifamily property featuring a desirable mix of units. The property includes 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, making it ideal 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 offers consistent rental demand and excellent potential for both cash flow and long-term appreciation.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$164,095
|
$53.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$164,095
|
$53.91
|
| Taxes |
$19,026
|
$6.25
|
| Operating Expenses |
$20,059
|
$6.59
|
| Total Expenses |
$39,085
|
$12.84
|
| Net Operating Income |
$125,010
|
$41.07
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $164,095 |
| Annual Per SF | $53.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $164,095 |
| Annual Per SF | $53.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,026 |
| Annual Per SF | $6.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,059 |
| Annual Per SF | $6.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,085 |
| Annual Per SF | $12.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,010 |
| Annual Per SF | $41.07 |
PROPERTY FACTS
| Price | $1,454,155 CAD | Lot Size | 0.17 AC |
| Price Per Unit | $290,831 CAD | Building Size | 3,044 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.60% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1895 |
| Property Type | Multifamily | Parking Ratio | 1.97/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations | ||
| Price | $1,454,155 CAD |
| Price Per Unit | $290,831 CAD |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,044 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1895 |
| Parking Ratio | 1.97/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $5,955 CAD | - |
| 1+1 | 4 | $1,949 CAD | - |
1 1
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 5174-003-038 | Total Assessment | $1,179,739 CAD (2025) |
| Land Assessment | $707,843 CAD (2025) | Annual Taxes | $19,026 CAD ($6.25 CAD/SF) |
| Improvements Assessment | $471,896 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5174-003-038
Land Assessment
$707,843 CAD (2025)
Improvements Assessment
$471,896 CAD (2025)
Total Assessment
$1,179,739 CAD (2025)
Annual Taxes
$19,026 CAD ($6.25 CAD/SF)
Tax Year
2024
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Luxury Collective
716 Echandia St
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