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Search Cali Homes Team
138 N Soto St, Los Angeles, CA 90033
- $3,095,000
- 10
- BD
- 20
- BA
- 13,920
- SqFt
Courtesy of Marcus & Millichap, Kian Maronde - CA DRE#01952189
- List Price
- $3,095,000
- Status
- ACTIVE
- Days on Market
- 12
- MLS#
- 26103528
- Year Built
- 1930
- Bedrooms
- 10
- Bathrooms
- 20
- Living Area
- 13,920
- Lot Size
- 8,913
- Acres
- 0.20
- MLS Area Major
- Boyle Heights
Property Description
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.
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Additional Information
- Air Conditioning
- Other
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