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716 Echandia St 5 Unit Apartment Building $1,447,425 CAD ($289,485 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 |
$163,336
|
$53.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$163,336
|
$53.66
|
| Taxes |
$18,938
|
$6.22
|
| Operating Expenses |
$19,966
|
$6.56
|
| Total Expenses |
$38,904
|
$12.78
|
| Net Operating Income |
$124,432
|
$40.88
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $163,336 |
| Annual Per SF | $53.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $163,336 |
| Annual Per SF | $53.66 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,938 |
| Annual Per SF | $6.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,966 |
| Annual Per SF | $6.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,904 |
| Annual Per SF | $12.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $124,432 |
| Annual Per SF | $40.88 |
PROPERTY FACTS
| Price | $1,447,425 CAD | Lot Size | 0.17 AC |
| Price Per Unit | $289,485 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 | $1,447,425 CAD |
| Price Per Unit | $289,485 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 | $5,928 CAD | - |
| 1+1 | 4 | $1,940 CAD | - |
1 1
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 5174-003-038 | Total Assessment | $1,143,580 CAD (2025) |
| Land Assessment | $686,148 CAD (2025) | Annual Taxes | $18,938 CAD ($6.22 CAD/SF) |
| Improvements Assessment | $457,432 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5174-003-038
Land Assessment
$686,148 CAD (2025)
Improvements Assessment
$457,432 CAD (2025)
Total Assessment
$1,143,580 CAD (2025)
Annual Taxes
$18,938 CAD ($6.22 CAD/SF)
Tax Year
2024
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Luxury Collective
716 Echandia St
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