Los Angeles, CA 90023 959 S Soto Street

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Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 24348655
  • 01/17/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 6
  • FootageSQFT • 4,180
  • GarageGarage • 1

Home Details

This is an attractive investment opportunity at 959 South Soto St, a 6-unit apartment building in Boyle Heights. Located close to the East Los Angeles Interchange, between 7th Street and Whittier Boulevard, the property has a greatmix of two-bedroom units and provides six parking spaces at the rare. Fully occupied upon delivery, investors can take advantage of a strong existing cash flow and a remarkable 33% rental upside during unit turnovers. Directly across from Salesian High School and close to various retail amenities along South Soto St, the property achieves a high Walk Score of 85. Easy access to major freeways like the 60, 5, 10, and 710 ensures a seamless commute to Downtown Los Angeles and the San Gabriel Valley. Positioned on the bustling main thoroughfare of Whittier Blvd, this Boyle Heights neighborhood is undergoing rapid gentrification, presenting a prime investment opportunity in a thriving and well-connected community.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 959 S Soto Street

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories

General for 959 S Soto Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.21
Carport Y/NYes
CityLos Angeles
CountyLos Angeles
Days on Market70
DirectionsThe apartment building is in Boyle Heights located just off of the East Los Angeles Interchange between 7th Street and Whittier Boulevard.
Garage Y/NNo
Gross Income94668.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet6486.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income57289.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameSoto
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1962
ZoningLAC1

Exterior for 959 S Soto Street

Building Area Total4180.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1489
Lot Size Area6486.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDetachedCarport
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,100,000
MLS#24348655
List Date 01/17/2024
Property Type Multi-Family
Phone 714.964.3311
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