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    405 N Soto St

    Los Angeles, CA 90033
    • $1,995,000
    • STATUS: Active
    • ON SITE: 30 Days
    • ID#: 21-788584
    $1,995,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,640
      SQFT
    • $261
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    11 cash-flowing units in the heart of Boyle Heights. Currently, cash flowing at of 4.58% Cap Rate with a Proforma Cap of 10.98% and GRM of 7.77. Amazing Value-Add opportunity with significant 100% upside in rents. Low Cost per Unit of $175K/Unit and Low Cost per SF of $261/SF. 7 Parking Spaces in the back are 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 the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/121851032
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    405 N Soto St Los Angeles, CA 90033

    • Price: $1,995,000
    • Status: Active
    • ID#: 21-788584
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,640
    SQFT
    $261
    $/SQFT
    1924
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    11 cash-flowing units in the heart of Boyle Heights. Currently, cash flowing at of 4.58% Cap Rate with a Proforma Cap of 10.98% and GRM of 7.77. Amazing Value-Add opportunity with significant 100% upside in rents. Low Cost per Unit of $175K/Unit and Low Cost per SF of $261/SF. 7 Parking Spaces in the back are mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas & Electricity.
    Exterior Features

    Lot Size Area 6995 Other Structures None Parking Garage Uncovered Total Parking 0

    Interior Features

    Baths Total 11.00 Cooling Window Unit(S) Equipment Range/Oven Heating Wall Gas

    Property Features

    Assessed Total Value 889037 Gross Income 121980 Gross Operating Income 121980 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 91311.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 37869 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac1

    Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101