Listed By:
CB RICHARD ELLIS, 626-757-5717, ERIC CHEN
Local Realty Services Provided By:
KW Executive
Overview
What It'll Cost
Neighborhood
Similar Homes
$3,345,000
138 N Soto Street, Los Angeles, CA 90033
13,924
sq ft
.2
ac
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$3,345,000
138 N Soto Street, Los Angeles, CA 90033
Estimation provided by Keller Williams Realty Inc.
13,924
sq ft
.2
ac
Active
For Sale
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.
Assessed Value is a combination of the land and additions.
2023
$40,121
(+4.75%)
$3,177,571
Land 1,859,197 +
Additions 1,318,374
2022
$38,301
(+1.38%)
$3,054,417
Land 1,787,003 +
Additions 1,267,414
2021
$37,781
(+3.01%)
$3,054,417
Land 1,787,003 +
Additions 1,267,414
2019
$36,677
(+28.62%)
$3,017,160
Land 1,768,680 +
Additions 1,248,480
2017
$28,516
$2,288,880
Land 1,040,400 +
Additions 1,248,480
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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