323 N Soto Street
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 6,993 sqft lot
- 1929 build
- – on site
Presenting for sale: A Multi-Family 40 unit newly remodeled residential community located in Historic Boyle Heights. This property has 38 studios and 2 one bedrooms. 17 units have been renovated with new flooring, kitchenettes, and sleek finishes. Tenants have access to the amenities of on-site laundry, high speed Wi-Fi internet, and proximity to the historic pedestrian shopping mall of Cesar Chavez Avenue. The new video surveillance cameras are great for security and the upgraded electrical system brings these rentals into the modern era! This 40-unit 1920's residential hotel building in historic LA’s Boyle Heights consists of 2 one-bedrooms and 38 studios. This asset was built in 1929 with a Certificate of Occupancy that reads “2 Story, Class D, 40Rooms, 1 Apt., Hotel”. This property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO) and may only be used for long term residential occupancy. The property is registered as 40 units with the Los Angeles Housing Department (LAHD). The property was newly renovated in 2025 with new kitchenettes, electrical, flooring, paint, and more. This building is priced to sell at a 6.51% cap rate and 8.52 GRM on current income. There is 25.2% upside opportunity on rents for a potential 9.47% cap rate and 6.81 GRM at stabilization.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 25, 2025
•
MLS# SR25091164 —
The Building
-
Year Built:1929
-
Year Built Source:Appraiser
-
New Construction:No
-
Building Area Total:11408.00
-
Building Area Units:Square Feet
-
Total Number Of Units:40
-
# of Buildings:1
-
Stories Total:2
-
Entry Level:1
-
Common Walls:No Common Walls
Interior
-
Levels:Two
-
Entry Location:1
-
Laundry:Common Area
-
Laundry:1
Location
-
Directions:Exit I-10 Southbound on Soto Street or Exit I-5 Eastbound on Cesar Chavez Avenue
-
Latitude:34.04762200
-
Longitude:-118.20767700
The Property
-
Property Type:Residential Income
-
Subtype:Apartment
-
Zoning:LAC1
-
Lot Features:Rectangular Lot
-
Lot Size Area:6993.0000
-
Lot Size Acres:0.1605
-
Lot Size SqFt:6993.00
-
Lot Size Source:Assessor
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Block:C
-
Tax Census Tract:2036.01
-
Tax Tract:SOT...
-
Tax Lot:18
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5175010020
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
The Community
-
Features:Urban
-
Pool:None
-
Senior Community:No
-
Private Pool:No
Parking
-
Parking:No
-
Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/25/25
Apr 25, 2025
|
Listed / Active | CRMLS_CA | $4,450,000 | 78.0% |
|
9/30/24
Sep 30, 2024
|
CRMLS_CA | $2,500,000 | -47.4% | |
|
8/29/24
Aug 29, 2024
|
CRMLS_CA | $4,750,000 |
