422 N Soto St | Los Angeles, CA 90033
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- LoopNet Team
422 N Soto St
Los Angeles, CA 90033
$84,333 Per Unit | 5.72% CAP & 10.30 GRM · Multifamily Property For Sale · 15 Units
Investment Highlights
- Attractive Price Per Unit – Rare Opportunity to Purchase 15 Income-Producing Apartments in Los Angeles County for Only $84,333 per Unit
- On-Site Parking Available – Parcel has Enough Space to Potentially Accommodate Up to Six Parking Spaces
- Proximity to Cesar E Chavez Avenue – Property is Two Blocks from Boyle Heights’ Heaviest Retail Corridor, and Providing Tenants Access to Walgreens
- True Value-Add Offering – Average Monthly Rent at 422 N Soto Street is Approximately $576 While Similar Units in Boyle Heights are Nearly Double
- Desirable Boyle Heights Location – Boyle Heights Attracts a Variety of Tenants with Its Affordable Cost of Living, and Ongoing Gentrification
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 2,992 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low Rise | Year Built | 1895 |
| Building Class | C | Parking Ratio | 2.01/1,000 SF |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,992 SF |
| No. Stories | 1 |
| Year Built | 1895 |
| Parking Ratio | 2.01/1,000 SF |
PROPERTY TAXES
| Parcel Number | 5177-028-011 | Improvements Assessment | $364,140 |
| Land Assessment | $728,280 | Total Assessment | $1,092,420 |
PROPERTY TAXES
Parcel Number
5177-028-011
Land Assessment
$728,280
Improvements Assessment
$364,140
Total Assessment
$1,092,420
zoning
| Zoning Code | LAC1 |
| LAC1 |
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