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    BEDS
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    ACRES
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    BATHS
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    1/2 BATHS
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    $/SQFT

Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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School Ratings & Info

Description

11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T23:42:22.94. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/115377714
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405 N Soto St Los Angeles, CA 90033

  • Price: $1,925,000
  • Status: Active
  • MLS #: 21-709150
11
Beds
0
Baths
0
½ Baths
0.16
Acres
7,640
SQFT
$252
$/SQFT
1924
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.
Exterior Features

Lot Size Area 6995 Other Structures None Parking Garage Uncovered Total Parking 0

Interior Features

Baths Total 11.00 Cooling Window Unit(S) Equipment Range/Oven Heating Wall Gas

Property Features

Assessed Total Value 889037 Gross Income 121980 Gross Operating Income 121980 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 91311.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 37869 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac1

Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T23:42:22.94. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Palm Desert CA, 92211