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716 Echandia St

5 Unit Apartment Building $1,300,000 ($260,000/Unit) 7.10% Cap Rate Los Angeles, CA 90033

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Investment Highlights

Located in a quiet residential cul-de-sac close to park
Excellent Current Income with substantial Upside

Front house has been gutted and fully remodeled; it can be delivered vacant or rented
Property Consists of 2 Buildings 7,474 SF Lot Zoned R2 and has on-site parking

Executive Summary

Excellent Income Producing property. 5 units on large lot zoned R2

716 Echandia St_LA_5 units_OM1.3M final

716 Echandia St. - Financing

Property Facts

Price	$1,300,000	Building Class	C
Price Per Unit	$260,000	Lot Size	0.17 AC
Sale Type	Investment	Building Size	3,044 SF
Cap Rate	7.10%	No. Stories	2
Gross Rent Multiplier	10.4	Year Built	1895
No. Units	5	Parking Ratio	1.97/1,000 SF
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment

Price	$1,300,000
Price Per Unit	$260,000
Sale Type	Investment
Cap Rate	7.10%
Gross Rent Multiplier	10.4
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.17 AC
Building Size	3,044 SF
No. Stories	2
Year Built	1895
Parking Ratio	1.97/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.