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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 3,345,000
Est. payment /mo
Price Dropped by $150K
138 North Soto Street Los Angeles, CA 90033
13,924 SqFt
UPDATED:
02/12/2025 01:50 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,924 sqft
Price per Sqft $240
MLS Listing ID CV-25015751
Year Built 1930
Lot Size 8,910 Sqft
Property 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 property's 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 unit interiors have been renovated, 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. With historically low vacancy and consistent rental income, 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
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer