422 North Soto Street
422 North Soto Street
$1,050,000
15
2
2,992
2,992
$351
Sold 6/17/22
Description
Value Add REO in prime Boyle Heights consisting of 15 Units (9 SRO's + 6 with mixed amenities). Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. Property will be delivered with 5 vacant units (1 unit has fire damage). This building is surrounded by newer and well maintained buildings. There is tremendous opportunity to increase rents to an eventual double digit cashflow. Bridge financing is available if needed. Contact agent for OM.Value Add REO in prime Boyle Heights consisting of 15 Units (9 SRO's + 6 with mixed amenities). Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. Property will be delivered with 5 vacant units (1 unit has fire damage). This building is surrounded by newer and well maintained buildings. There is tremendous opportunity to increase rents to an eventual double digit cashflow. Bridge financing is available if needed. Contact agent for OM.
- Listed by Hooman Emanuel • DRE #01200237 • Brokerage DRE #01208019 • Keller Williams Studio City
Property Details for 422 North Soto Street
Zoning
LAC1
Parcel Number5177028011
Total Units15.0
Living Area2992
Source Living AreaVendor Enhanced
AreaBoyle Heights (BOYH)
Vacancy Rate33%
Lot Size Area5913
Location
LISTING UPDATED: 06/21/2022 09:21 AM
Property Details for 422 North Soto Street
Status | Sold |
---|---|
MLS # | 22-141869 |
Days on Market | 74 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1895 |
Lot Size | 0.14 AC / 5,913 SF |
County | Los Angeles County |
Location
Building Information for 422 North Soto Street
Stories1Residences-Year Built1895Building Size-Lot Size0.14 AC / 5,913 SF
Payment Calculator
$6,847 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 422 North Soto Street
Property History for 422 North Soto Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 422 North Soto Street
Taxable ValueLand$714,000Additions$357,900Total$1,071,900
Tax Record2023$13,403 ($1,117 / month)
Home Facts
Total Finished SqFt2,992 SqFtAbove Grade Finished SqFt2,992 SqFtLot Size5,913 SqFtStyleMulti-Family Res (5+ Units)Year Built1895ZoningLAC1CountyLOS ANGELESAPN5177-028-011
Schools near 422 North Soto Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sheridan Street Elementary School PublicK to 6 | ||
Extera Public Schools CharterK to 8 | ||
Theodore Roosevelt Senior High Public9 to 12 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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