959 Soto Street, Los Angeles

$1,100,000

Click the arrows next to the image to browse our photo gallery for this property.

12 Beds
6 Baths
4,180 Sqft
.15 Acre
0 Garage

This is an attractive investment opportunity at 959 South Soto St, a 6-unit apartment building in Boyle Heights. Located close to the East Los Angeles Interchange, between 7th Street and Whittier Boulevard, the property has a greatmix of two-bedroom units and provides six parking spaces at the rare. Fully occupied upon delivery, investors can take advantage of a strong existing cash flow and a remarkable 33% rental upside during unit turnovers. Directly across from Salesian High School and close to various retail amenities along South Soto St, the property achieves a high Walk Score of 85. Easy access to major freeways like the 60, 5, 10, and 710 ensures a seamless commute to Downtown Los Angeles and the San Gabriel Valley. Positioned on the bustling main thoroughfare of Whittier Blvd, this Boyle Heights neighborhood is undergoing rapid gentrification, presenting a prime investment opportunity in a thriving and well-connected community.

Essential Information

MLS® #
24348655
Price
$1,100,000
Bedrooms
12
Bathrooms
6.00
Square Footage
4,180
Acres
0.15
Year Built
1962
Type
Residential Income
Status
Active Under Contract

Community Information

Address
959 Soto Street
Area
BOYH - Boyle Heights
City
Los Angeles
County
Los Angeles
Zip Code
90023
Senior Community
N

Amenities

Parking Spaces
6
Parking
Detached Carport
Garages
Detached Carport

Interior

Heating
Wall Furnace
Stories
Multi/Split

Additional Information

Date Listed
December 26th, 2023
Days on Market
124
Zoning
LAC1

Listing Details

Agent
Neema Ahadian
Office
Marcus & Millichap
Property History
Status Changed from Active to Active Under Contract

LISTING MAP

Get directions to this property:

Properties for Sale Similar to 959 Soto Street, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 6:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.