$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 & Millichap

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.

Facts & Features

MLS® # 24348655
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
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

AgentNeema Ahadian
OfficeMarcus & Millichap

Listing Map

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