323 Soto Street, Los Angeles
Los Angeles Home For Sale
323 N. Soto Street presents an exceptional investment opportunity in the heart of Boyle Heights. With 13 UNITS DELIVERED VACANT, significant potential exists for a new owner to implement a value-add strategy. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. UNIT MIX: (36) Studios/Bachelor units with bathrooms and (4) 1 Bed + 1 Bath units. Renovating individual units and common areas can reposition the asset to achieve market rental rates, offering flexibility for both short-term and long-term tenancies. Participating in the Section 8 Housing program through entities like HACLA or its subsidiary programs such as PATH can further enhance the property's appeal. Ideally situated near renowned schools, the property is just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90033
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- MLS® #:
- 24362963
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- Bedrooms:
- 1
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- Bathrooms:
- 2
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- Square Ft:
- 10,364
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- Lot Size:
- 0.16
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- Levels:
- Two
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 7th, 2024 at 6:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.