Casa De Soto | 600 N Soto St
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Casa De Soto 600 N Soto St
16 Unit Apartment Building $2,350,000 ($146,875/Unit) 5.57% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Great Unit Mix Consisting of (8) Studio Units, (2) One-Bedroom Units, & (6) Two-Bedroom Units!
- Property Offers On-Site Laundry for Tenants!
- Property is Less than 3 Miles from Cal State University, Los Angeles and Less than 5 Miles from Dodger Stadium!
- Over 45% Rental Upside!
- Charming 1920s Construction!
- Easy Access to the 5, 10, 101, & 710 Freeways!
Executive Summary
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 600 N Soto St, a 16-Unit multifamily apartment building located in the 90033 zip code of Los Angeles.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,350,000 | Property Subtype | Apartment |
| Price Per Unit | $146,875 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.57% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 9.65 | Building Size | 11,034 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Price | $2,350,000 |
| Price Per Unit | $146,875 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 9.65 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,034 SF |
| No. Stories | 2 |
| Year Built | 1924 |
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 2+1 | 6 | - | - |
| 1+1 | 2 | - | - |
1 of 1
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5177-022-016 | Total Assessment | $1,958,485 (2024) |
| Land Assessment | $928,467 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,030,018 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5177-022-016
Land Assessment
$928,467 (2024)
Improvements Assessment
$1,030,018 (2024)
Total Assessment
$1,958,485 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
-
Tony Azzi -
Rabbie Banafsheha -
Marcus & Millichap
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Casa De Soto | 600 N Soto St
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