138 N Soto St

Los Angeles CA 90033

13920 sq. ft.

8913 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to present a twenty (20) unit apartment building located at 138 N Soto St in Los Angeles, California. The subject property is located in a prime Boyle Heights location, just south of Cesar E Chavez Ave and west of Evergreen Ave. Located in Boyle Heights, this 20-unit multifamily asset features eleven studios, six one-bedroom units, and three two-bedroom units. Over $200,000 in building renovations include upgrades to nearly half of the units, while current rents offer approximately 20% upside. Select residences feature spacious kitchens, stainless-steel appliances, hardwood flooring, ample storage, and wall air conditioning. On-site laundry, separately metered gas and electricity, and an on-site manager handling daily operations and routine repairs support ease of ownership. Positioned near major commercial corridors, the property offers immediate access to the 5, 10, 101, and 60 freeways, walkability to the Soto Metro E Line station, and proximity to neighborhood parks, retail, dining, entertainment, and healthcare destinations throughout the surrounding community. With substantial capital improvements, approximately 20% rental upside, and on-site management, this Boyle Heights asset offers an opportunity to grow income while benefiting from convenient transit access and ease of ownership.

Features

10 bedrooms

20 bathrooms

13920 sq. ft. floor area

8913 sq. ft. lot size

Other

Property history for 138 N Soto St

2018

Sold

$2,900,000

16 Jan 2018 by Tony Azzi, of Tony Azzi

2016

Sold

$2,200,000

15 Jun 2016 by Michael Matusik, of Marcus & Millichap

Happy sellers in Los Angeles

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