Sheleneatanacio.com
Address
422 N Soto Street Los Angeles, CA
Price
$ 1,410,000
Property Attributes
  • MLS#21708992
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90033
  • Style
  • Price$ 1,410,000
  • Bedrooms15
  • Full Bathrooms15
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap
Data Source:
CLAW
Property Description

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.

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

General Features

Cooling None
MLS Area BOYH - Boyle Heights
Property Type Residential Income
Total Units 15
Zoning LAC1

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90033

Price
AVG $1.21M
$1.41M
Visits
AVG 30
2
Year Built
AVG 1926
1895
Walkscore
AVG 83
91
Data Provided by Walkscore ® not using MLS data

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