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Spanish Style Trophy Asset 436 S Soto St 6 Unit Apartment Building $1,499,000 ($249,833/Unit) 8.29% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Over 56% Rental upside (Value Add Potential)!!
- Attractive Spanish Style Architecture Which Has Been Meticulously Maintained - High Vaulted Ceiling Units
- Potential To Implement RUBS
- Extremely Large Units With Potential To Convert Into 2-Bedrooms With Laundry Room
- Long Time Owner of 30+Years!
- Surrounded by all amenities LA has to offer such as but not limited to: Union Station, Crypto.com Arena, Financial District, Arts District, etc.
EXECUTIVE SUMMARY
Attractive Investment Property With Spanish Style Architecture Which Has Been Meticulously Maintained - High Vaulted Ceiling Units. Long Time Owner of 30+Years! Over 56% Rental upside (Value Add Potential)!! Extremely Large Units With Potential To Convert Into 2-Bedrooms With Laundry Room. Potential To Implement RUBS and Mills Act to Reduce Property Taxes (Buyers to do their own investigation). One Unit Can Be Delivered Vacant At Close Of Escrow! Surrounded by all amenities LA has to offer such as but not limited to: Union Station, Crypto.com Arena, Monterey Park Golf Club, Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, etc.
PROPERTY FACTS
| Price | $1,499,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.29% | Building Size | 5,494 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.69 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1931/2010 |
| Property Type | Multifamily | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $1,499,000 |
| Price Per Unit | $249,833 |
| Sale Type | Investment |
| Cap Rate | 8.29% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.69 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 5,494 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1931/2010 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Bay Window
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Tub/Shower
- Walk-In Closets
- Carpet
- Breakfast Nook
- Den
- Dining Room
- Family Room
- Mud Room
- Pantry
- Porch
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 900 - 950 |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 5185-001-004 | Improvements Assessment | $286,774 |
| Land Assessment | $150,592 | Total Assessment | $437,366 |
PROPERTY TAXES
Parcel Number
5185-001-004
Land Assessment
$150,592
Improvements Assessment
$286,774
Total Assessment
$437,366
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Spanish Style Trophy Asset | 436 S Soto St
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