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323 N Soto St Los Angeles, CA 90033
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,364 sqft
Price per Sqft $241
MLS Listing ID 24-362963
Sold Date 09/30/24
Bedrooms 40
Year Built 1929
Lot Size 6,993 Sqft
Acres 0.1605
Property Sub-Type Multi-Family
Property Description
323 N. Soto Street presents an exceptional investment opportunity in the heart of Boyle Heights. Significant potential exists for a new owner to implement a value-add strategy. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. Renovating individual units and common areas can reposition the asset to achieve market rental rates, offering flexibility for both short-term and long-term tenancies. P Ideally situated near renowned schools, the property is just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning LAC1
Rooms
Other Rooms None
Interior
Heating Other
Cooling Wall/Window
Fireplaces Type None
Equipment Washer
Laundry Community
Exterior
Parking Features Other
Pool None
View Y/N Yes
View Walk Street
Building
Lot Description Single Lot, Sidewalks, Walk Street, Street Paved
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Non-member Office