Address: |
view address Los Angeles, CA 90033 Map Location |
Features: | Multi-level |
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Square Feet: | 13,924 sq.ft. | Lot Size: | 8910.0 |
Year Built: | 1930 | Property Type: | Apartment |
County: | Los Angeles | List Date: | 2024-09-16 |
Listing Number: | CV24193168 | Listed By: | CB RICHARD ELLIS |
Listing Office: | 626-757-5717 | Days on market: | 1 |
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
Laundry Features: | Common Area | Laundry: | Yes |
Cooling features: | Wall/Window Unit(s) | Heating features: | Wall Furnace |
Heating: | Yes |
Pool Features: | None | Spa Features: | None |
Spa: | Yes |
Parking features: | On Street |
Community Features: | Curbs, Sidewalks |
Sewer: | Public Sewer |
Special Listing Conditions: | Standard |
Year Built: | 1930 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 8910.0 |
Building Area total: | 13924.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.