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138 Soto Street, Los Angeles, CA 90033
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138 Soto Street
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  • MLS#: CV24193168 ( Apartment )
  • Street Address: 138 Soto Street
  • Viewed: 2
  • Price: $3,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Days On Market: 60
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90033
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are delighted to introduce a prime investment opportunity: a well kept 20 unit building in Los Angeles Boyle Heights neighborhood. Strategically located between 1st Street and Cesar E Chavez Avenue, this 13,924 square foot property sits on a 9,283 square foot lot at 138 N Soto Street. This dynamic location places your investment at the epicenter of Los Angeles cultural and commercial scene. Residents will enjoy easy access to Downtown Los Angeles, the L.A. Live entertainment complex, USC Health Sciences Campus, Dodger Stadium, Union Station and more. Major freeways (10, 5, 60, and 101) are just minutes away, along with a diverse array of shopping centers, restaurants, museums, and retailers. The propertys proximity to the bustling retail corridors on Cesar Chavez Boulevard and Soto Street offers unparalleled convenience and opportunity for future appreciation. This investment opportunity is in a highly sought after rental market within Boyle Heights. Over 75% of Boyle Heights residents occupy investment owned properties, underscoring the strong demand for rental housing in the area. Positioned amidst a thriving working class with a steady need for well maintained housing and easy access to major employers, 138 N Soto Street offers the perfect blend of value and income potential. Nearly 50% of the units have been renovated interiors, providing modern amenities, and attracting discerning renters. Individual units boast spacious kitchens with stainless steel appliances*, horizontal blinds, ample hallway storage, hardwood like flooring, large closets, built in drawers, and wall air conditioning. This pet friendly property also features low maintenance landscaping, secured access, and an on site laundry facility. 138 N Soto Street is a secure long term investment ideal for any investor seeking a strong return. This opportunity can be a great investment for a new or seasoned investor. *In Select Units
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Features
Building Area Total
  1. 13924.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 19
Electric Expense
  1. 12788.00
Fuel Expense
  1. 5895.00
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 7000.00
Laundry Features
  1. Common Area
Laundry Income
  1. 4530.00
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 199071.00
Newtaxesexpense
  1. 43739.00
Number Of Separate Electric Meters
  1. 20
Number Of Separate Gas Meters
  1. 20
Otherexpense
  1. 4000.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 5180002021
Parking Features
  1. Street
Pest Control Expense
  1. 445.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 24017.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 423277594:CRM
Spa Features
  1. None
Suppliesexpense
  1. 2386.00
Totalactualrent
  1. 335556.00
Totalexpenses
  1. 130822.00
Trash Expense
  1. 6217.00
Uncovered Spaces
  1. 0.00
Vacancyallowance
  1. 10203
Water Sewer Expense
  1. 12789.00
Water Source
  1. Public
Year Built
  1. 1930
Year Built Source
  1. Assessor
Zoning
  1. LAR4