436 S Soto,Los Angeles, CA 90033
Los Angeles, CA 90033
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.
Details
| MLS # | AR26014659 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 242 |
| Listing Provided By | KW Executive | Matthew Guerra |
Features
| SQ Feet | 5,494 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.15 |
Interior
| Fireplace Yes / No | Yes |
|---|
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,350,000 low | high Med: $1,049,050 sqft: 5,494 low | high Med: 5,969 $ / sqft: $246 low | high Med: $131,181 On site: 242 low | high Med: 29 | |
Market Activity 90033
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,350,000 low | high Med: $1,049,050 sqft: 5,494 low | high Med: 5,969 $ / sqft: $246 low | high Med: $131,181 On site: 242 low | high Med: 29 | |
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