138 N Soto Street, Los Angeles, CA 90033

  • $3,495,000
  • $251
138 N Soto Street, Los Angeles, CA 90033
For Sale
138 N Soto Street, Los Angeles, CA 90033
  • $3,495,000
  • $251

Overview

Property ID: SGR-33977886
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1930
  • Year Built

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 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

  • Address 138 N Soto Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90033
  • Area BOYH - Boyle Heights
  • Country United States

Details

Updated on September 24, 2024 at 6:33 am
  • Property ID: SGR-33977886
  • Price: $3,495,000
  • Land Area: 8910.00 m²
  • Garage: 0.00
  • Year Built: 1930
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 13924.00
  • MLS#: CV24193168
  • Office Name: CB RICHARD ELLIS
  • Agent Name: ERIC CHEN
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01489184
  • IDX Contact Info: 626-757-5717

Additional details

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 0.00
  • Water Source: Public

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