Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    138 Soto Street, Los Angeles, CA 90033
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    • MLS#: CV24193168 ( Apartment )
    • Street Address: 138 Soto Street
    • Viewed: 19
    • Price: $3,495,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1930
    • Bldg sqft: 0
    • Days On Market: 197
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90033
    • Provided by: CB RICHARD ELLIS
    • Contact: ERIC ERIC
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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 propertys 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
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    Features
    Building Area Total
    1. 13924.00
    Carport Spaces
    1. 0.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Days On Market
    1. 27
    Electric Expense
    1. 12788.00
    Fuel Expense
    1. 5895.00
    Garage Spaces
    1. 0.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 7000.00
    Laundry Features
    1. Common Area
    Laundry Income
    1. 4530.00
    Levels
    1. Two
    Lot Features
    1. 16-20 Units/Acre
    Netoperatingincome
    1. 199071.00
    Newtaxesexpense
    1. 43739.00
    Number Of Separate Electric Meters
    1. 20
    Number Of Separate Gas Meters
    1. 20
    Otherexpense
    1. 4000.00
    Otherexpensedescription
    1. Reserves
    Parcel Number
    1. 5180002021
    Parking Features
    1. Street
    Pest Control Expense
    1. 445.00
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 24017.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 423277594:CRM
    Spa Features
    1. None
    Suppliesexpense
    1. 2386.00
    Totalactualrent
    1. 335556.00
    Totalexpenses
    1. 130822.00
    Trash Expense
    1. 6217.00
    Uncovered Spaces
    1. 0.00
    Vacancyallowance
    1. 10203
    Views
    1. 19
    Water Sewer Expense
    1. 12789.00
    Water Source
    1. Public
    Year Built
    1. 1930
    Year Built Source
    1. Assessor
    Zoning
    1. LAR4
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836