138 North Soto Street
$3,495,000
3
9
13,924
13,924
$251
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...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
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
- Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
Property Details for 138 North Soto Street
Parking Spaces Total
0
Private PoolNo
Cooling TypeWall/Window
Total Units20.0
Building TypeAttached
Lot Size SourceAssessor
Living Area13924
Assessor Parcel Number5180-002-021
LISTING UPDATED: 09/17/2024 04:55 AM
Property Details for 138 North Soto Street
Status | Active |
---|---|
MLS # | CV24193168 |
Days on Market | 65 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1930 |
County | Los Angeles County |
Building Information for 138 North Soto Street
Building/Complex138 N Soto StFloor-Stories2Residences-Pet Policy-Year Built1930Building Size-
Property Information for 138 North Soto Street
Property History for 138 North Soto Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 138 North Soto Street
Taxable ValueLand$1,896,380Additions$1,344,621Total$3,241,001
Tax Record2024$40,892 ($3,408 / month)
Home Facts
Total Finished SqFt13,924 SqFtAbove Grade Finished SqFt13,924 SqFtLot Size8,910 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningLAR4CountyLOS ANGELESAPN5180-002-021
Schools near 138 North Soto Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Breed Street Elementary School PublicK to 6 | ||
Extera Public Schools CharterK to 8 | ||
Theodore Roosevelt Senior High Public9 to 12 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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