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627 Echandia St, Los Angeles, CA 90033
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627 Echandia St Los Angeles, CA 90033

$1,042,500 Sold Price as of 07/27/2023
  • 14 Beds
  • 13 Baths
  • 4,520 Sq.Ft.
Sold
$1,042,500 Sold Price as of 07/27/2023 Refinance Your Mortgage
Map preview of 627 Echandia St, Los Angeles, CA 90033

Property Overview: 627 Echandia St Los Angeles, CA has 14 bedrooms, 13 bathrooms, 4,520 living square feet and 11,626 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Builders: Opportunity to build 4 Units RTI, while cash flowing from 5 Existing Units: 9 Units Once Construction is Completed. Located in a Qualified Opportunity Zone. Delivered Shovel Ready for a 3 Story Duplex: 3,876 Total SQ. FT2 Story Duplex: 2,280 Total SQ. FT. No Relocation Fees.

Listed by Jon Emrani | BRE #01427038 | Marcus & Millichap
Last checked: 16 seconds ago | Last updated: July 27th, 2023 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
11,626
HOA Dues
$0/mo
Year built
1900
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23260037
City
Los Angeles
County
Los Angeles
Time on Site
533 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $807
  • Total Rent: $3,230
  • Pro Forma/Market Rent: $8,384
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,804
  • Total Rent: $0
  • Pro Forma/Market Rent: $7,608
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,096
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,192
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.4
  • Gross Scheduled Income: --
  • Net Operating Income: $28,353
  • Gross Operating Income: $56,259
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 627 Echandia St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 9
  • Parcel Number: 5174003015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: NE of Echandia and Bridge st.
View more facts & features

Local Los Angeles Agent

Sale History for 627 Echandia St

Last sold for $1,042,500 on July 27th, 2023

  • July, 2023

  • Jul 27, 2023

    Date

    Sold

    CRMLS: 23260037

    $1,042,500

    Price

  • Apr 13, 2023

    Date

    Active

    CRMLS: 23260037

    $1,125,000

    Price

  • January, 2021

  • Jan 20, 2021

    Date

    Sold

    CRMLS: PW20167312

    $770,000

    Price

  • Aug 30, 2020

    Date

    Pending

    CRMLS: PW20167312

    $750,000

    Price

  • Aug 26, 2020

    Date

    Hold

    CRMLS: PW20167312

    $750,000

    Price

  • Aug 17, 2020

    Date

    Active

    CRMLS: PW20167312

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    PLEASE DO NOT TRESPASS ON THE PROPERTY, VIOLATERS WILL BE PROSECUTED. Fantastic Boyle Heights, 5 units, multi-family opportunity with tons of upside potential. The property features a building with 4 large units and a separate studio in the rear of the lot. The large lot has plenty of parking spaces and additional opportunity to expand the square footage of the rear studio. The 4 unit building has an additional attic space that can be converted into an additional unit. This property has tremendous potential for long-term income for your real estate portfolio.

  • January, 2021

  • Jan 20, 2021

    Date

    Sold (Public Records)

    Public Records

    $770,000

    Price

  • October, 2017

  • Oct 14, 2017

    Date

    Canceled

    CRMLS: PW17092814

    $750,000

    Price

  • Aug 24, 2017

    Date

    Hold

    CRMLS: PW17092814

    $750,000

    Price

  • May 13, 2017

    Date

    Active

    CRMLS: PW17092814

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic Boyle Heights, 5 units, multi-family opportunity with tons of upside potential. The property features a building with 4 large units and a separate studio in the rear of the lot. The large lot has plenty of parking spaces and additional opportunity to expand the square footage of the rear studio. The 4 unit building has an additional attic space that can be converted into an additional unit. This property has tremendous potential for long-term income for your real estate portfolio.

  • April, 1994

  • Apr 8, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 627 Echandia St

Assessed Value (2020): $298,991
Year Land Value Improved Value Assessed Value
2020 $207,963 $91,028 $298,991

Home Value Compared to the Market

This property vs the competition

627 Echandia St sold on July 27, 2023 for 0.45% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $248.89 per/sqft which puts the price per square foot 65.62% lower than the current median sale per square foot for the city of Los Angeles.

About 627 Echandia St

Detailed summary of property

627 Echandia St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 14 bedrooms, 13 bathrooms, roughly 4,520 living square feet, and sits on an approximately 11,626 square foot lot. 627 Echandia St was first listed on ArdentRealEstateGroup.com on April 13, 2023. The homeowner sold the property for $1,042,500. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.45% higher than the current median priced home. Local homes that are currently for sale include 127 N Savannah St, 2819 E 3rd St and 1914 Thomas St. While the average home in Los Angeles, CA is selling in 106 days, 627 Echandia St has a days on market of 74 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 627 Echandia St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 627 Echandia St

Public county record property details
Beds
4
Baths
1
Year built
1900
Sq. Ft.
4,120
Lot Size
11,626
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5174-003-015

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
7
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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