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405 N Soto St
Los Angeles, CA 90033
New Plumbing, Roof, Windows | 60% Upside · Multifamily Property For Sale
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11 Units
Investment Highlights
- Multiple Improvements to the Property Within the Last 10 Years, Including a New Roof, New Windows, and Full Copper Plumbing (Buyer to Verify)
- Value-Add Opportunity -- Rents Approximately 60% Below Market Levels
- Located at the Epicenter of Boyle Heights’ Numerous New Developments -- Walking Distance to a Variety of Retailers, Restaurants, and Pharmacies
- Located Within a 10-Minute Drive to Downtown Los Angeles with Convenient Access to the Metro Rail Gold Line and the 5, 10 and 101 Freeways
- Combination of Studios, 1 and 2 Bedroom Units – A Favorable Mix to Coincide with Boyle Heights’ Vast Rental Growth Through Its Ongoing Gentrification
- Seven On-Site Parking Spaces at the Rear of the Building – Potential New Income Stream via Parking Rent
Property Facts
| No. Units | 11 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 7,640 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | Parking Ratio | 1.04/1,000 SF |
| Zoning | LAC1 - Multifamily Residential | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,640 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | LAC1 - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Hardwood Floors
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $810.00 | - |
| 1+1 | 5 | $1,027 | - |
| 2+1 | 1 | $1,963 | - |
Property Taxes
| Parcel Number | 5175-010-017 | Improvements Assessment | $1,040,400 |
| Land Assessment | $832,320 | Total Assessment | $1,872,720 |
Property Taxes
Parcel Number
5175-010-017
Land Assessment
$832,320
Improvements Assessment
$1,040,400
Total Assessment
$1,872,720
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