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150 S Soto St

Los Angeles, CA 90033
  • $1,500,000
  • STATUS: Closed
  • ON SITE: 58 Days
  • ID#: 21-108839
Sold - 01/20/2022
$1,500,000
SOLD - 01/20/2022
  • 14
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,902
    SQFT
  • $254
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

We are pleased to present an eight (8) unit apartment building located at 150 South Soto Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of East 1st Street, and west of South Evergreen Avenue. Boyle Heights is a neighborhood located in the region east of the Los Angeles River. Living in Boyle Heights offers residents an urban suburban mix feel and most residents rent their homes. Located east of Downtown Los Angeles, Boyle Heights is one of Los Angeles' most historic and vibrant neighborhoods. From Mariscos Jalisco to MorrisseyOKE, residents can discover the best shopping, dining and hidden gems in Boyle Heights. The area contains many bars, restaurants, coffee shops, and parks. East Cesar E Chavez Avenue is the main commercial corridor running through Boyle Heights. This avenue is home to the majority of the food and entertainment venues in the area, such as Celestes & Lillies Embroidery Shop, Eastside Rehearsal Studios, Los Angeles Wedding Chapel, and much more. The many parks in the area include Boyle Heights Sports Center & Park, Hollenbeck Park, Prospect Park, State Street Recreation Center, and Evergreen Recreation Center. The area is also home to many schools, such as Breed Street Elementary School, Hollenbeck Middle School, Theodore Roosevelt High School, Salesian High School, and Sheridan Street Elementary School. This area offers easy access to the 101, 10, and 5 freeways and is in close proximity to the Metro Gold Line. Built in 1964, this property contains a great unit mix of two (2) one bedroom / one bathroom units, five (5) two bedroom / one bathroom units, and one (1) three bedroom / one bathroom unit. The property is gated, secure, and features on-site laundry facilities. The main artery of Boyle Heights, East Cesar Chavez Avenue, is located less than half a mile north of the subject property. Tenants will enjoy the incredible restaurants and retail amenities all located within walking distance. Some of these include Otomisan, Cake Girl, Brooklyn Ave Pizza Co., and Arctic Hotspot Cafe & Catering. The subject property is truly in the center of the best Boyle Heights has to offer with easy access to schools, the , grocery stores, and more. Outdoor recreation is also available less than half a mile away at Evergreen Recreation Center. There is full on-site parking available in the front and rear of the property. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity to capitalize on over 49% rental upside potential just over one (1) mile from the Arts District.

Sold by Jason Tuvia BRE#01772495 of Marcus & Millichap.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T22:42:37.227. 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/123640687
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150 S Soto St Los Angeles, CA 90033

  • Price: $1,800,000
  • Status: Closed
  • On Site: 58 Days
  • Updated: 44 min ago
  • ID#: 21-108839
14
Beds
0
Baths
0
½ Baths
0.16
Acres
5,902
SQFT
$254
$/SQFT
1964
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
We are pleased to present an eight (8) unit apartment building located at 150 South Soto Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of East 1st Street, and west of South Evergreen Avenue. Boyle Heights is a neighborhood located in the region east of the Los Angeles River. Living in Boyle Heights offers residents an urban suburban mix feel and most residents rent their homes. Located east of Downtown Los Angeles, Boyle Heights is one of Los Angeles' most historic and vibrant neighborhoods. From Mariscos Jalisco to MorrisseyOKE, residents can discover the best shopping, dining and hidden gems in Boyle Heights. The area contains many bars, restaurants, coffee shops, and parks. East Cesar E Chavez Avenue is the main commercial corridor running through Boyle Heights. This avenue is home to the majority of the food and entertainment venues in the area, such as Celestes & Lillies Embroidery Shop, Eastside Rehearsal Studios, Los Angeles Wedding Chapel, and much more. The many parks in the area include Boyle Heights Sports Center & Park, Hollenbeck Park, Prospect Park, State Street Recreation Center, and Evergreen Recreation Center. The area is also home to many schools, such as Breed Street Elementary School, Hollenbeck Middle School, Theodore Roosevelt High School, Salesian High School, and Sheridan Street Elementary School. This area offers easy access to the 101, 10, and 5 freeways and is in close proximity to the Metro Gold Line. Built in 1964, this property contains a great unit mix of two (2) one bedroom / one bathroom units, five (5) two bedroom / one bathroom units, and one (1) three bedroom / one bathroom unit. The property is gated, secure, and features on-site laundry facilities. The main artery of Boyle Heights, East Cesar Chavez Avenue, is located less than half a mile north of the subject property. Tenants will enjoy the incredible restaurants and retail amenities all located within walking distance. Some of these include Otomisan, Cake Girl, Brooklyn Ave Pizza Co., and Arctic Hotspot Cafe & Catering. The subject property is truly in the center of the best Boyle Heights has to offer with easy access to schools, the , grocery stores, and more. Outdoor recreation is also available less than half a mile away at Evergreen Recreation Center. There is full on-site parking available in the front and rear of the property. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity to capitalize on over 49% rental upside potential just over one (1) mile from the Arts District.
Exterior Features

Covered Parking 2 Cross Streets E 1st St & S Evergreen Ave Levels Two Lot Description Alley PavedFencedLandscapedSingle Lot Lot Location City Lot Size Area 7062 Other Structures None Parking Garage Parking SpaceCovered ParkingUncovered Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 8 View Description City View YN Yes

Interior Features

Baths Total 8.00 Common Walls Attached Cooling Air Conditioning Equipment Garbage DisposalWasherDryer Heating Wall Laundry Laundry Area Laundry Equipment Own

Property Features

Alley YN Yes Assessed Total Value 590627 Gross Income 130092 Gross Operating Income 126288 Land Lease Type Fee Like Units1 2 Like Units2 5 Like Units3 1 Net Operating Income 78623.00 Number Of Buildings 1 Number Of Units 8 Property Condition Updated/Remodeled Sale Type Standard Security Features GatedCard/Code Access24 Hour Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47665 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T22:42:37.227. 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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2999 Overland Ave., Suite 116
Los Angeles CA, 90064