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706 N Soto St

Los Angeles CA 90033

15
12
10668 sq. ft.
7012 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present a twelve (12) unit apartment building located at 706 North Soto Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location on Soto Street, between Wabash Avenue and Cesar E Chavez Boulevard. Built in 1928, this property contains a great unit mix of two (2) studio / one-bathroom units, six (6) one-bedroom / one-bathroom units, and four (4) two-bedroom / one-bathroom units. The property features charming character, Spanish style architecture with lovely arched 'picture' windows in the front of the building. The building is flooded with plenty of natural light coming from all angles, including skylights on the roof, large front-facing windows, and numerous windows lining the sides. The stairway allows easy access to the roof. Three (3) tenants are under Section 8, demonstrating proven rental upside. The entirety of Soto Street has recently been upzoned in 2021, slowly increasing the demand for properties along this corridor. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside potential in a gentrifying market of Los Angeles.

Features

15 bedrooms
12 bathrooms
10668 sq. ft. floor area
7012 sq. ft. lot size
Other

Property history for 706 N Soto St

2022
Sold
$2,200,000
04 Apr 2022
2019
Sold
$1,890,000
28 Mar 2019 by David Yashar, of Keller Williams Realty Westside

Happy sellers in Los Angeles

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Local market activity for 15 bedroom other properties in Los Angeles

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