405 N Soto St, Los Angeles, CA 90033

$1,995,000
11
BD
11
BA
7,640
SqFt
List Price
$1,995,000
MLS#
21-788584
Year Built
1924
Bedrooms
11
Bathrooms
11
Living Sq. Ft
7,640
Lot Size
6,995
Days on Market
25
Property Type
Multifamily
Stories
2

Property Description

11 cash-flowing units in the heart of Boyle Heights. Currently, cash flowing at of 4.58% Cap Rate with a Proforma Cap of 10.98% and GRM of 7.77. Amazing Value-Add opportunity with significant 100% upside in rents. Low Cost per Unit of $175K/Unit and Low Cost per SF of $261/SF. 7 Parking Spaces in the back are mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas & Electricity.

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
Window Unit(s)
Number of Cars in Garage
Uncovered

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Armin Soleimani - CA DRE#

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).