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138 N Soto Street

Los Angeles, CA 90033

– beds
– baths
– sqft
8,910 sqft lot
1930 build
– on site

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

Listed By CRMLS_CA / ERIC CHEN / CB RICHARD ELLIS / 626-757-5717

Last checked: Checking… • Last updated Sep 18, 2024 •

MLS# CV24193168 —

The Building

Year Built:

1930
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

13924.00
Building Area Units:

Square Feet
Total Number Of Units:

20
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

20
# of Separate Water Meters:

1
# of Separate Electric Meters:

20

Interior

Levels:

Two
Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

Merge onto I-10 W, Take exit 19C for Soto St, Use the left 2 lanes to turn left onto N Soto St
Latitude:

34.04457400
Longitude:

-118.20873300

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR4
Lot Features:

16-20 Units/Acre
Lot Size Area:

8910.0000
Lot Size Acres:

0.2045
Lot Size SqFt:

8910.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2042.00
Tax Tract:

204200
Tax Lot:

19

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5180002021

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

No
Parking:

Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/17/24 Sep 17, 2024	Listed / Active	CRMLS_CA	$3,495,000	20.5% (3.1% / YR)
11/23/22 Nov 23, 2022	Price Changed	CRMLS_CA
9/21/22 Sep 21, 2022	Listed / Active	CRMLS_CA

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This multifamily located in Eastside LA, Los Angeles, CA 90033 is currently for sale for $3,495,000. 138 N Soto Street is a – square foot multifamily with – beds and – baths that has been on Estately for 95 days. 138 N Soto Street is in the Eastside LA neighborhood of Los Angeles and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Theodore Roosevelt Senior High, Breed Street Elementary School, and Felicitas And Gonzalo Mendez High School.

Listing Courtesy of: CRMLS_CA and CB RICHARD ELLIS. Based on information from California Regional Multiple Listing Service, Inc. as of 09:38 on Dec 21.

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.