Active

323 N Soto Street

Los Angeles, CA 90033
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt10,364

Sqft

SqFt6,993

Sqft(Lot)

Introducing The Silver on Soto Apartments - an exceptional investment opportunity in the thriving Boyle Heights neighborhood! This renovated 40-unit property at 323 N Soto Street, Los Angeles CA 90033 presents a turn-key asset with recent upgrades totaling over $300,000, including modern amenities and revitalized interiors. Strategically designed with a "Micro Unit" model, catering to the market demand for efficient living spaces, this property boasts a mix of bachelor units, maximizing revenue potential. With a current occupancy rate of 95% and a strong financial performance, this investment offers a solid NOI, presenting a current cap rate of 7.29% and a promising pro forma cap rate of 9.61%. Discover the potential for excellent returns and minimal capital expenditure requirements at The Silver on Soto Apartments! Turn-Key Renovated Asset in High-Growth Boyle Heights: This 40-unit apartment building underwent a comprehensive renovation in 2025. With over $300,000 in recently completed upgrades—including new plumbing, electrical systems, paint, flooring, and cabinetry—the property offers a modernized, turn-key investment with minimal immediate capital expenditure requirements. Strategic "Micro Unit" Model Maximizing Market Efficiency: Composed primarily of bachelor units (95% of the unit mix), the property utilizes a high-efficiency micro-unit model that serves a critical budget-oriented demographic in Los Angeles. This design allows for a competitive entry-level price point while still yielding an impressive actual rent of $4.38 per square foot, significantly outperforming traditionally sized apartments in the area. Substantial Revenue Upside through "Mark-to-Market" Strategy: The property features a significant valuation gap to be captured, with a projected pro forma CAP rate of 9.61% and a Cash-on-Cash return of 15.24%. Aligning current leases with market rates provides a clear pathway to increase monthly income from $42,241 to an estimated $52,990, representing a nearly 25% revenue growth opportunity. Exceptional Scalability and Portfolio Opportunity: For investors seeking immediate scale, this asset can be coupled with the nearby 150 N Soto Street property to instantly add 101 units to a growing portfolio in a prime rental market. Located within just two blocks of each other, managing these properties together offers a unique opportunity to scale operational efficiency and maximize overall profits.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,000,000

AD Id : 75675870

MLS Id : SR26043369

Lot Size : 6,993 Sqft

Living Area Size : 10,364

Year Built : 1929

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: Ceiling Fan(s),Multiple Staircases,Quartz Counters,Wired for Data Property Appliances: Electric Cooktop,Microwave,Refrigerator,Water Heater Fireplace: None Flooring: Laminate
  • Cooling Features

    None Air Conditioning

    Heating Source

    Natural Gas,Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1929 Building Area Total: 10,364 Construction: Drywall,Frame,Stucco
  • Security Features

    Resident Manager,Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    Common Area

    Fencing

    Wrought Iron

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1605
  • Lot Size Source: Assessor Lot Size Square Feet: 6993

  • Listing Price Information

    Original List Price: 4,000,000 Listing Contract Date: 2026-02-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5175010020

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Directions: I-10 East exit Soto South Zoning: C1-1-CUGU Source Property Type: Residential Income Area: BOYH - Boyle Heights Property SubType: Apartment
  • Building and Construction

    Property Age: 97 Common Walls: No Common Walls Property Condition: Turnkey Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Soto Street Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1652 N Murchison Street, Los Angeles, CA, 90033 $39,995 40 40 15,796 15,796 SqFt
1440 Tremont, Los Angeles, CA, 90033 $1,350,000 -- -- 4,836 4,836 SqFt
1237 N Evergreen, Los Angeles, CA, 90033 $515,000 2 1 1,008 1,008 SqFt
1517 Ricardo, Los Angeles, CA, 90033 $975,000 2 1 794 794 SqFt
1034 Evergreen Avenue, Los Angeles, CA, 90033 $425,000 2 1 689 689 SqFt
2711 Wabash Avenue, Los Angeles, CA, 90033 $730,000 5 -- 1,273 1,273 SqFt
2532 1/2 Ganahl Street, Los Angeles, CA, 90033 $399,000 2 2 850 850 SqFt
2440 Wabash Avenue, Los Angeles, CA, 90033 $795,000 5 -- 2,756 2,756 SqFt
1151 1153 Cornwell Street, Los Angeles, CA, 90033 $1,170,000 -- -- 3,682 3,682 SqFt
2505 Malabar Street, Los Angeles, CA, 90033 $1,200,000 10 -- 4,974 4,974 SqFt

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ByOwner last updated this listing 06/23/2026 @ 13:56

MLS: SR26043369 LISTED BY: Logan Altman, Altman Apartments LLC 310-903-0222 SOURCE: CRMLS

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