$1,100,000
959 Soto Street, Los Angeles 90023
12
Beds
6
Baths
4,180
Square feet
6,486
Lot Size
6
# Of Units
Listing Agent
Neema Ahadian - Marcus & MillichapThis 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.
Facts & Features
MLS® # | 24348655 |
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Price | $1,100,000 |
Bedrooms | 12 |
Bathrooms | 6.00 |
Square Footage | 4,180 |
Lot Size | 6,486 |
Year Built | 1962 |
Type | Residential Income |
Status | Active Under Contract |
# Of Units | 6 |
Community Information
Address | 959 Soto Street |
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Area | BOYH - Boyle Heights |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90023 |
Amenities
Parking Spaces | 6 |
---|---|
Parking | Detached Carport |
Garages | Detached Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Furnace |
---|---|
Has Basement | No |
Fireplace | No |
Stories | Multi/Split |
Additional Information
Date Listed | December 26th, 2023 |
---|---|
Days on Market | 144 |
Zoning | LAC1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Neema Ahadian |
---|---|
Office | Marcus & Millichap |