138 N Soto Street,  Los Angeles  (90033)

$3,495,000

0 bedrooms 0   0 bathrooms 0   13924 square feet 13,924
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Listed By: ERIC CHEN of CB RICHARD ELLIS

PROPERTY DETAILS

Address: view address
Los Angeles, CA 90033
Map Location
Features: Multi-level
Square Feet:13,924 sq.ft.Lot Size:8910.0
Year Built:1930Property Type:Apartment
County:Los AngelesList Date:2024-09-16
Listing Number:CV24193168Listed By:CB RICHARD ELLIS
Listing Office:626-757-5717Days on market:1

PROPERTY DESCRIPTION

We are delighted to introduce a prime investment opportunity: a well-kept 20-unit building in Los Angeles' Boyle Heights neighborhood. Strategically located between 1st Street and Cesar E Chavez Avenue, this �13,924 square foot property sits on a �9,283 square foot lot at 138 N Soto Street. This dynamic location places your investment at the epicenter of Los Angeles' cultural and commercial scene. Residents will enjoy easy access to Downtown Los Angeles, the L.A. Live entertainment complex, USC Health Sciences Campus, Dodger Stadium, Union Station and more. Major freeways (10, 5, 60, and 101) are just minutes away, along with a diverse array of shopping centers, restaurants, museums, and retailers. The property's proximity to the bustling retail corridors on Cesar Chavez Boulevard and Soto Street offers unparalleled convenience and opportunity for future appreciation. This investment opportunity is in a highly sought-after rental market within Boyle Heights. Over 75% of Boyle Heights residents occupy investment-owned properties, underscoring the strong demand for rental housing in the area. Positioned amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers, 138 N Soto Street offers the perfect blend of value and income potential. Nearly 50% of the units have been renovated interiors, providing modern amenities, and attracting discerning renters. Individual units boast spacious kitchens with stainless-steel appliances*, horizontal blinds, ample hallway storage, hardwood-like flooring, large closets, built-in drawers, and wall air conditioning. This pet friendly property also features low-maintenance landscaping, secured access, and an on-site laundry facility. 138 N Soto Street is a secure long-term investment ideal for any investor seeking a strong return. This opportunity can be a great investment for a new or seasoned investor. *In Select Units

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Interior

Features

Laundry Features:Common AreaLaundry:Yes

Cooling & Heating

Cooling features:Wall/Window Unit(s)Heating features:Wall Furnace
Heating:Yes

Exterior

Pool and Spa

Pool Features:NoneSpa Features:None
Spa:Yes

Parking

Parking features:On Street

Property and Lot Details

Features

Community Features:Curbs, Sidewalks

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1930Levels:Two
Stories:2

Lot

Lot Dimensions:8910.0

Construction

Building Area total:13924.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

PHOTO GALLERY

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Listed By: ERIC CHEN of CB RICHARD ELLIS