Address
405 N Soto Street Los Angeles, CA
Price
$ 1,925,000
Property Attributes
  • MLS#21709150
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90033
  • Style
  • Price$ 1,925,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc..
Data Source:
CRMLS
Property Description

11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.

Price History
3/23/2021 Listed $1,925,000

General Features

MLS Area BOYH - Boyle Heights
Parking Features Uncovered
Property Type Residential Income
Total Units 11
Zoning LAC1

Exterior Features

Lot Dimensions 50x140
Lot Size Acres 0.16
Lot Size Area 6995
Lot Size Square Feet 6995
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90033

Price
AVG $1.18M
$1.93M
Visits
AVG 24
44
Year Built
AVG 1926
1924
Walkscore
AVG 85
91
Data Provided by Walkscore ® not using MLS data

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