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    405 N Soto Street

    Los Angeles (City), CA 90033
    • $1,925,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 21709150
    $1,925,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,640
      SQFT
    • $252
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/115379568
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    405 N Soto Street Los Angeles (City), CA 90033

    • Price: $1,925,000
    • Status: Active
    • ID#: 21709150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,640
    SQFT
    $252
    $/SQFT
    1924
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.
    Exterior Features

    Parking Features Uncovered

    Property Features

    Gross Income 121980 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 91311 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac1

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T00:35:05.513. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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