$3,095,000
+$46,400 cash back138 N Soto St, Los Angeles, CA 90033
Listed by Kian Maronde, DRE #01952189, Marcus & Millichap
10
Beds
20
Baths
13,920
Sqft
8,913
Lot sqft
Property Highlights
Listing Provided Agent
- • Name: Kian Maronde
- • DRE: 01952189
- • Email: Kmaronde@marcusmillichap.com
- • Phone: -
Listing Provided Office
- • Name: Marcus & Millichap
- • Email: -
- • Phone: 818-212-2700
Co-Listing Agent
- • Name: Jason Tuvia
- • DRE: 01772495
- • Email: jtuvia@marcusmillichap.com
- • Phone: -
Co-Listing Office
- • Name: Marcus & Millichap
- • Email: -
- • Phone: 818-212-2700
Source
Description
We are pleased to present a twenty (20) unit apartment building located at 138 N Soto St in Los Angeles, California. The subject property is located in a prime Boyle Heights location, just south of Cesar E Chavez Ave and west of Evergreen Ave. Located in Boyle Heights, this 20-unit multifamily asset features eleven studios, six one-bedroom units, and three two-bedroom units. Over $200,000 in building renovations include upgrades to nearly half of the units, while current rents offer approximately 20% upside. Select residences feature spacious kitchens, stainless-steel appliances, hardwood flooring, ample storage, and wall air conditioning. On-site laundry, separately metered gas and electricity, and an on-site manager handling daily operations and routine repairs support ease of ownership. Positioned near major commercial corridors, the property offers immediate access to the 5, 10, 101, and 60 freeways, walkability to the Soto Metro E Line station, and proximity to neighborhood parks, retail, dining, entertainment, and healthcare destinations throughout the surrounding community. With substantial capital improvements, approximately 20% rental upside, and on-site management, this Boyle Heights asset offers an opportunity to grow income while benefiting from convenient transit access and ease of ownership.
Home Details
Interior
Features
- Flooring: 2
Bedrooms
- 10 total bedrooms
Bathrooms
- 20 total bathrooms
Exterior
Features
- Levels: Two
Parking & Lot
- Lot Size: 8,913 sqft
Local Information
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Pinkmelon, Inc. is a licensed real estate broker and operates as a team of real estate agents, complying with all equal housing opportunity laws. All information presented herein is collected from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No guarantee is made as to the accuracy of any description. All measurements and square footage are approximate. This information is provided for general informational purposes only and should not be interpreted as legal, tax, or other professional advice outside the scope of real estate brokerage. This is not intended to solicit listings from other brokers.