CA > Los Angeles
Los Angeles, CA 90033,323 N Soto ST
Los Angeles, CA 90033,323 N Soto ST
Los Angeles, CA 90033,323 N Soto ST
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$4,450,000
Est. payment /mo
6,991 Sqft Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25091164

HOA Y/N No

Year Built 1929

Lot Size 6,991 Sqft

Property Sub-Type Apartment

Property Description

Presenting for sale: A Multi-Family 40 unit newly remodeled residential community located in Historic Boyle Heights. This property has 38 studios and 2 one bedrooms. 17 units have been renovated with new flooring, kitchenettes, and sleek finishes. Tenants have access to the amenities of on-site laundry, high speed Wi-Fi internet, and proximity to the historic pedestrian shopping mall of Cesar Chavez Avenue. The new video surveillance cameras are great for security and the upgraded electrical system brings these rentals into the modern era!

This 40-unit 1920's residential hotel building in historic LA's Boyle Heights consists of 2 one-bedrooms and 38 studios. This asset was built in 1929 with a Certificate of Occupancy that reads “2 Story, Class D, 40Rooms, 1 Apt., Hotel”. This property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO) and may only be used for long term residential occupancy. The property is registered as 40 units with the Los Angeles Housing Department (LAHD). The property was newly renovated in 2025 with new kitchenettes, electrical, flooring, paint, and more. This building is priced to sell at a 6.51% cap rate and 8.52 GRM on current income. There is 25.2% upside opportunity on rents for a potential 9.47% cap rate and 6.81 GRM at stabilization.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAC1

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Urban

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5175010020

Energy Description 7143.0

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Logan Altman • Altman Apartments LLC • 310-903-0222

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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