716 Echandia Street, East Los Angeles, California 90033, East Los Angeles, 90033 - 8 bed, 6 bath
ACTIVE$1,099,999
716 Echandia Street, East Los Angeles, California 90033
8Beds
6Baths
3,044Sqft
7,472Lot
Year Built
1895
Close
-
List price
$1.1M
Original List price
$1.15M
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
SR25198025
Home ConditionPoor
Features
Good View: City Lights
Deck
Patio
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(75th), sqft - 3044(69th), beds - 8(94th), baths - 6(94th).
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.
Price History
Date
Event
Price
10/19/25
Price Change
$1,099,999
09/03/25
Listing
$1,150,000
08/03/18
Sold
$750,000
Condition Rating
Poor
Built in 1895, this multi-unit property shows significant age and a lack of comprehensive modern renovations. While some units feature newer vinyl plank flooring and moderately updated kitchens (e.g., wood cabinets, laminate counters from 15-25 years ago), others present very dated conditions, such as the kitchen with light blue painted cabinets, old laminate countertops, and a dated tile backsplash, likely 30-50+ years old. The absence of central HVAC, relying instead on wall heaters and window AC units, indicates outdated major systems. The property requires substantial rehabilitation and modernization across its units to meet current living standards and efficiency expectations, despite being currently livable.
Pros & Cons
Pros
Multi-Unit Investment Opportunity: This 5-unit multifamily property offers diversified income streams, making it an exceptional investment for both seasoned and new investors.
Strong Rental Demand & Upside: The property boasts strong rental upside, consistent rental demand, and excellent potential for both cash flow and long-term appreciation, as highlighted in the description.
Strategic Location: Conveniently located near Downtown Los Angeles, the Arts District, major freeways, schools, parks, and neighborhood amenities, ensuring high tenant desirability and accessibility.
Diverse Unit Configuration: The property features a desirable mix of units, including one spacious 4-bedroom, 2-bathroom unit and four 1-bedroom, 1-bathroom units, appealing to a broad tenant base.
Generous Lot & Desirable Views: Sitting on a substantial 7,472 sqft lot, the property offers potential for enhancement or outdoor amenities, complemented by attractive city lights views.
Cons
Advanced Property Age: Built in 1895, the property is over a century old, likely requiring significant capital expenditure for system upgrades, modernization, and deferred maintenance.
Unit Count Discrepancy: A notable inconsistency exists between the description stating '5-unit multifamily property' and the 'Quadruplex' sub_type, necessitating immediate clarification for accurate valuation and investment planning.
Recent Price Adjustment: The property has undergone a price reduction from $1,150,000 to $1,099,999, which could suggest initial overpricing or a slower-than-anticipated market response, potentially impacting perceived value or negotiation leverage.