Neema Ahadian
Marcus & Millichap
310-909-5500
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.
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Total Bedrooms : 12
Total Baths: 6
Full Baths: 0
Half Baths: 0
Wall Furnace
Has Heating
Year Built: 1962
Building Area Total: 4,180
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1489
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6486
Original List Price: 1,100,000
Listing Contract Date: 2023-12-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5189006011
Garage Description: Detached Carport
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: BOYH - Boyle Heights
Postal Code Plus 4: 1331
Directions: The apartment building is in Boyle Heights located just off of the East Los Angeles Interchange between 7th Street and Whittier Boulevard.
Zoning: LAC1
Source Property Type: Residential Income
Area: BOYH - Boyle Heights
Property Age: 62
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4180
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4967 Dartmouth Ave, Los Angeles, CA,90023 | $108,000 | -- | -- | -- | 6878 Sqft |
4963 -4987 Dartmouth Ave, Los Angeles, CA,90023 | $640,000 | -- | -- | -- | 41616 Sqft |
4945 -4953 Dartmouth Ave, Los Angeles, CA,90023 | $350,000 | -- | -- | -- | 19940 Sqft |
5150 Dartmouth Ave, Los Angeles, CA,90023 | $150,000 | -- | -- | -- | 8799.12 Sqft |
3454 Hunter Street, Los Angeles, CA,90023 | $700,000 | -- | -- | 1,700 | 3934 Sqft |
755 S Boyle Avenue, Los Angeles, CA,90023 | $1,989,000 | -- | -- | 9,532 | 6839 Sqft |
945 Record Ave, Los Angeles, CA,90023 | $1,389,888 | 8 | 4 | 3,283 | 5546 Sqft |
3900 Whittier Boulevard, Los Angeles, CA,90023 | $1,499,900 | -- | -- | -- | 11349 Sqft |
705 S Chicago Street, Los Angeles, CA,90023 | $975,000 | -- | -- | 3,135 | 5719 Sqft |
3512 E 7th Street, Los Angeles, CA,90023 | $1,075,000 | -- | -- | 2,592 | 7531 Sqft |
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ByOwner last updated this listing 05/29/2024 @ 07:46
MLS: 24348655
LISTED BY: Neema Ahadian, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.