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    130 S Soto St

    Los Angeles, CA 90033
    • $3,250,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 20-639196
    UPDATED: 27 min ago
    $3,250,000
    • 21
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,909
      SQFT
    • $328
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    Opportunity to acquire a 2018 built, 9,909 sf (per assessor) asset in Boyle Heights, right across from the Gold Line Metro Train Station for only $328/SF. The entire building was initially leased by a non-profit for $19K a month but due to funding constraints, was not renewed. Current owners see the value in room rentals for students and working professionals commuting to LADT and beyond, (six tenants are paying $1,150/mo, incl. utilities), but do not have the management expertise to operate such a building. Investors experienced with co-living rentals or working with VA's housing program (VASH) or the City of LA housing initiatives, have a unique opportunity to acquire a NEW ASSET AT LESS THAN REPLACEMENT COST! Currently, 3 units are rented but 2 units have been kept vacant to allow for new ownership to determine the future direction. 8 parking spots on grade, no elevator and fully paid solar pays for common area bills. Washer/dryer in each unit on card pay system.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T21:42:24.41. 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.trulinerealty.com/homes/110489205
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    130 S Soto St Los Angeles, CA 90033

    • Price: $3,250,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 20-639196
    21
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    9,909
    SQFT
    $328
    $/SQFT
    2018
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    Opportunity to acquire a 2018 built, 9,909 sf (per assessor) asset in Boyle Heights, right across from the Gold Line Metro Train Station for only $328/SF. The entire building was initially leased by a non-profit for $19K a month but due to funding constraints, was not renewed. Current owners see the value in room rentals for students and working professionals commuting to LADT and beyond, (six tenants are paying $1,150/mo, incl. utilities), but do not have the management expertise to operate such a building. Investors experienced with co-living rentals or working with VA's housing program (VASH) or the City of LA housing initiatives, have a unique opportunity to acquire a NEW ASSET AT LESS THAN REPLACEMENT COST! Currently, 3 units are rented but 2 units have been kept vacant to allow for new ownership to determine the future direction. 8 parking spots on grade, no elevator and fully paid solar pays for common area bills. Washer/dryer in each unit on card pay system.
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage AssignedCovered ParkingGated Pool Description None Pool YN No Spa None Spa YN No Style Contemporary Tennis Court None Total Parking 8

    Interior Features

    Baths Total 9.00 Cooling Central Equipment DryerWasherSolar PanelsRefrigeratorRange/Oven Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 530000 Gross Income 244000 Gross Operating Income 237000 Land Lease Type Fee Like Units1 1 Like Units2 4 Net Operating Income 183000.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 54000 Type Of Units Attached Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Sam Sant DRE#01224108 of Sanjiv Sant.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T21:42:24.41. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211