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138 N Soto Street Los Angeles CA 90033 MLS #CV24193168

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

Property Details

Price:
$3,495,000
MLS #:
CV24193168
Status:
Active
Baths:
0
Address:
138 N Soto Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Sep 17, 2024
State:
CA
ZIP:
90033
Lot Size:
8,910 sqft / 0.20 acres (approx)
Year Built:
1930

Schools

Interior

Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace

Exterior

Community Features
Curbs, Sidewalks
Garage Spaces
0.00
Lot Features
16-20 Units/ Acre
Parking Features
Street
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

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138 N Soto Street
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