$1,410,000 422 N Soto Street Los Angeles, CA

MLS: 21708992   Type: Income   County: Los Angeles   City: Los Angeles   Area: Boyle Heights   Zip: 90033     Stories: 1

Mortgage $6,620 /mo



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This property offers an investor the chance to acquire 15 apartment units in Los Angeles for less than $95,000 per unit. Several of the apartments are SRO-type units, which have historically been developed with the intention to provide housing to renters flocking to the city looking for work -- these units were purposely constructed to be efficient and affordable. This is an ideal product for the Boyle Heights market, since its located within three miles of California's largest employment hub Downtown Los Angeles. The property currently offers a 5% CAP Rate to a new investor with potential rental upside totaling approximately 58%. The property offers nearly 3,000 square feet of living space on almost 6,000 square feet of land. In addition to its 15 income-producing units, the open space at the rear of the parcel may provide an additional revenue stream to a new investor via parking income.

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Price History

3/24/2021 Listed $1,410,000

Cooling None
MLS Area BOYH - Boyle Heights
Property Type Residential Income
Senior Community Y/N No
Total Units 15
Zoning LAC1

Interior Features

Air Conditioning Y/N No

Exterior Features

Lot Size Acres 0.13
Lot Size Area 5912
Lot Size Source Estimated
Lot Size Square Feet 5912
Lot Size Units Square Feet
Number of Buildings 1

Property Schools

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Property vs Zip Code Avg (90033)

Price 1.41M Avg 1.24M

Acres 0.13 Avg 0.14

Visits 16 Avg 29

Days on Site 31 Avg 65

Walkscore® 91 Avg 83

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Roderick 'Rick' Raymundo with Marcus & Millichap.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA