959 South Soto Street
959 South Soto Street
$1,100,000
12
6
4,180
4,180
$263
Active Under Contract
Description
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...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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 959 South Soto Street
Zoning
LAC1
Parcel Number5189006011
Total Units6.0
Living Area4180
Source Living AreaVendor Enhanced
AreaBoyle Heights (BOYH)
Vacancy Rate0
Lot Size Area6486
Location
LISTING UPDATED: 03/05/2024 10:33 AM
Property Details for 959 South Soto Street
Status | Active Under Contract |
---|---|
MLS # | 24-348655 |
Days on Market | 70 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.15 AC / 6,486 SF |
County | Los Angeles County |
Location
Building Information for 959 South Soto Street
Stories-Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,486 SF
Payment Calculator
$6,746 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 959 South Soto Street
Property History for 959 South 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 959 South Soto Street
Taxable ValueLand$241,452Additions$416,506Total$657,958
Tax Record2023$8,918 ($743 / month)
Home Facts
Total Finished SqFt4,180 SqFtAbove Grade Finished SqFt4,180 SqFtLot Size6,410 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAC1CountyLOS ANGELESAPN5189-006-011
Schools near 959 South 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 |
---|---|---|
Soto Street Elementary School PublicK to 6 | ||
Endeavor College Preparatory Charter School 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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