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422 N Soto St
Los Angeles, CA 90033
$84,333 Per Unit | 5.72% CAP & 10.30 GRM · Multifamily Property For Sale
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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 |
| Zoning | LAC1 | ||
| 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 |
| Zoning | LAC1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | $650.00 | - |
Property Taxes
| Parcel Number | 5177-028-011 | Improvements Assessment | $371,422 |
| Land Assessment | $742,845 | Total Assessment | $1,114,267 |
Property Taxes
Parcel Number
5177-028-011
Land Assessment
$742,845
Improvements Assessment
$371,422
Total Assessment
$1,114,267
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