323 Soto Street, Los Angeles

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

13 Units Delivered Vacant! 323 N. Soto Street presents an exceptional opportunity for investors in the heart of Boyle Heights. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. The unit mix is comprised of of (36) Studios/Bachelor units with bathrooms & (4) 1 Bed + 1 Bath units, catering to a diverse range of tenants. With 13 vacancies currently available, significant potential exists for a new owner to implement a value-add strategy. Conducting renovations of individual units and common areas to reposition the asset can result in market rental rates offering flexibility for short-term or long-term tenancies. A new owner can also participate in the Section 8 Housing program through entities like HACLA or its subsidiary programs such as PATH. Strategically located in the vibrant Boyle Heights neighborhood, just west of downtown Los Angeles, 323 N. Soto Street benefits from its central location. The area boasts a dense population and a strong working-class community. Residents enjoy convenient access to amenities such as MacArthur Park, popular taco trucks, and efficient public transportation options, including bus and metro lines. Major employers such as Kaiser Permanente, Bank of America, and the Los Angeles County Department of Public Health are nearby. This property represents an exceptional investment opportunity in a dynamic and rapidly evolving neighborhood, offering immediate rental income potential and long-term value appreciation. **Buyer to verify Bed/Bath count and unit type.* 323 N. Soto St. can be purchased with 2221 Michigan Ave. & 1818 N. Broadway as a portfolio.

Properties for Sale Similar to 323 Soto Street, Los Angeles

2221 Michigan Avenue # M, Los Angeles

$4,300,000 - 1 Bed, 3 Baths, 9,229 Sf

MLS® # 24364103

David Weinberger Keller Williams Studio City

1684 Murchison Street, Los Angeles

$3,875,000 - 3 Beds, 2 Baths, 12,052 Sf

MLS® # 24356871

Enrique Viramontes Remax Commercial and Investment Realty

1141 Mission Road, Los Angeles

$4,500,000

MLS® # AR24005836

Han Chen Growth Investment Group Pasade