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Listed by Matthew Guerra, DRE #02022646 • KW Executive
$ 1,350,000
Est. payment /mo
Price Dropped by $150K
436 S Soto Los Angeles, CA 90033
6,363 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26014659
Year Built 1931
Lot Size 6,363 Sqft
Source California Regional MLS
Property Description
Prime Investment Opportunity, this Spanish-style multifamily property has been meticulously maintained by the same ownership for over 30 years and features high vaulted-ceiling units with exceptional light and architectural character. The property presents a strong value-add opportunity with over 56% rental upside, driven by extremely large unit layouts, including select units exceeding 1,000 square feet, allowing for the potential addition of extra bedrooms, conversion to true two-bedroom units, and incorporation of in-unit laundry to significantly increase rental income. There is also additional 4 individual garages and additional space behind garages that lend perfectly to potential multiple ADU's build. Located in Boyle Heights submarket of Los Angeles, the asset is surrounded by major employment centers and lifestyle amenities such as Union Station, Crypto.com Arena, the Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, and Monterey Park Golf Club. Additional upside includes the potential to reduce property taxes through the Mills Act (buyer to verify eligibility), the opportunity to implement RUBS to reduce operating expenses (buyer to verify), and one unit can be delivered vacant at close of escrow, providing immediate repositioning f
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry In Laundry Room, Other
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5185001004
Special Listing Condition Not Applicable
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