436 S Soto, Los Angeles, CA 90033
436 S Soto, Los Angeles, CA 90033
436 S Soto, Los Angeles, CA 90033
436 S Soto, Los Angeles, CA 90033
436 S Soto, Los Angeles, CA 90033
436 S Soto, Los Angeles, CA 90033
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Danny Navarro

Danny Navarro

+1(949) 903-6633
$ 1,500,000
Est. payment | /mo

6,364 Sqft Lot

Save
$ 1,500,000
Est. payment | /mo
Save

6,364 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26014659

HOA Y/N No

Year Built 1931

Lot Size 6,364 Sqft

Property Sub-Type Apartment

Property Description

Prime Investment Opportunity, this Spanish-style multifamily property has been meticulously maintained by the same ownership for over 30 years and features high vaulted-ceiling units with exceptional light and architectural character. The property presents a strong value-add opportunity with over 56% rental upside, driven by extremely large unit layouts, including select units exceeding 1,000 square feet, allowing for the potential addition of extra bedrooms, conversion to true two-bedroom units, and incorporation of in-unit laundry to significantly increase rental income. There is also additional 4 individual garages and additional space behind garages that lend perfectly to potential multiple ADU's build. Located in Boyle Heights submarket of Los Angeles, the asset is surrounded by major employment centers and lifestyle amenities such as Union Station, Crypto.com Arena, the Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, and Monterey Park Golf Club. Additional upside includes the potential to reduce property taxes through the Mills Act (buyer to verify eligibility), the opportunity to implement RUBS to reduce operating expenses (buyer to verify), and one unit can be delivered vacant at close of escrow, providing immediate repositioning flexibility. Seller financing may potentially be available, subject to mutually agreeable terms.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Fireplaces Type See Remarks

Fireplace Yes

Laundry Inside, Laundry Room

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5185001004

Energy Description 1.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Matthew Guerra KW Executive 909-997-9765, DRE #02022646

Nearby Locations

Danny Navarro

Making real estate fast, fun, and stress-free!

+1(949) 903-6633

dannynteam@gmail.com

2700 N Main St suite 1101, Santa Ana, CA, 92705,Unit, USA

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436 S Soto