Exclusive Listings

Soto Villas

Address:
436 S Soto St
Los Angeles, CA 90033
Price:
$1,500,000
Status:
Available
Type:
Apartment
# Units:
6
Year Built:
1931
Building Size:
5,494
Lot Size:
6,360
CAP Rate:
3.82%
GRM:
17.50xx
Price/Unit:
$250,000
Price/SqFt:
$273

INVESTMENT HIGHLIGHTS         

  • Located in Historic Boyle Heights sub-market of Los Angeles
  • Long-time owner of 29 years
  • Very large ±900 square feet 1bedroom + 1bathroom open floor-plan units
  • Attractive building architecture with Spanish-style design, and tile/clay roofing
  • Large building size of ±5,494 square feet
  • Original hardwood flooring throughout in pristine condition
  • Major value add opportunity in rapidly gentrifying sub-market of Los Angeles
  • Excellent Walk Score of 85
  • Individual garages and on-site parking
  • Large antique-style windows that let in plenty of natural light
  • Under-utilized storage space that can potentially generate additional income
  • Well maintained building with pride of ownership
  • Each unit equipped with washer and dryer hookups and individual water heaters
  • Nearby to USC Medical Center and Downtown Los Angeles
  • Close to schools: Cal State Los Angeles, University of Southern California (USC), East L.A. College (ELAC), Theodore Roosevelt High, Hollenbeck Middle, Breed Street Elementary, First Street Elementary, Bishop Mora Salesian High and more
  • Less than five-minute drive from Downtown Los Angeles which include: STAPLES Center, Los Angeles Convention Center, Financial District, L.A Live, Fashion District, Arts District, Little Tokyo, Grand Central Market, Union Station, Pershing Square, Art Walk DTLA and more

 

PROPERTY HIGHLIGHTS

  • Value-Add opportunity with significant rental upside potential
  • First time property is for sale in 29 years
  • Attractive curb appeal with Spanish-Style Architecture
  • Very large units of ±900 sq. ft with open layout design
  • Large building size for six (6) units with ±5,494 square feet
  • Pride of ownership property that has been well maintained
  • Excellent location in one of Los Angeles’s fastest growing submarkets
  • Individual garages and on-site parking
  • Under-utilized storage space and common areas
  • Original hardwood flooring and large bay windows throughout
  • Each unit equipped with washer and dryer hookups
  • Separately metered for electricity and gas
  • Individual water heaters for each unit
  • Very short distance from Downtown Los Angeles and everything L.A. has to offer
  • Nearby to many schools: Elementary – Universities


EXECUTIVE SUMMARY

The Growth Investment Group is proud to offer 436 South Soto Street, a 6-unit pride of ownership apartment property comprised of two (2) two-story buildings located in the highly desirable submarket of Boyle Heights in the city of Los Angeles, California. This value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. Situated in the Boyle Heights sub-market of L.A., the investment maintains excellent proximity to Downtown Los Angeles as well as enjoying the benefits of a rapidly improving area with limited inventory. The property has excellent curb-appeal with Spanish style architecture, tile/clay roofing, and original hardwood flooring throughout. The property sits on a large ±6,361 square foot lot on Soto street with excellent proximity to Downtown. Being walking distance to many amenities the property boasts a high walk score of 85.

The front building is a two-story building with 4-units presenting a very attractive curb appeal having tile roofing and reddish clay stairs to match. The entire property features large bay windows throughout allowing for plenty of natural light, upholding the character of craftsmanship that many people have come to adore. Each unit is suited with original hardwood flooring, washer and dryer hookups, individual water heaters, and ceiling fans throughout. The living room is large making it ideal to entertain guests with a dining area to match. The kitchen continues the open layout pattern with fine tile backsplash and newer countertops which eventually lead into the well-sized laundry area. The bedroom size is equivalent with a restroom that boasts tile walls, upgraded vanity, and stand-up luxuriously remodeled shower.

The rear building contains 2-units sitting on top of four (4) individual single-car garages which residents enjoy. Behind the garages is even more space that is currently used as a BBQ/Patio common area perfect for guests, and a storage room that can be converted into a laundry room to create additional income. The property is completely gated which adds security and the long driveway creates additional privacy. Both the units in the rear building can be accessed via stairway that also allows for a porch to enjoy the city views.

 

LOCATION AMENITIES AND ACCESS

The property is located in the prestigious city of Los Angeles with all of its appropriate amenities, suitable dining and fashionable shopping. The property is situated on Soto street, in between Whittier Boulevard and 4th street. Being in Boyle Heights the neighborhood has a long and rich history in Los Angeles. That history can be found across the neighborhood, from Mariachi Plaza to Evergreen Cemetery. The property maintains very close proximity to Downtown Los Angeles, while enjoying all the benefits of a rapidly gentrifying market. The investment also maintains excellent proximity to many inevitabilities.

One of L.A.’s oldest neighborhoods, Boyle Heights has a lineage of culture that can be found in its shops, businesses, and community. No stranger to change, it has been the subject of recent transition. While community members have pushed to improve quality of life, they also stand on the front line protecting the neighborhood’s vibrant history and traditions. Quietly sporting some of the best restaurants (by far the best tacos), unique stores, budding businesses, and landmark locations, Boyle Heights and East L.A. are fundamental to the heritage of Los Angeles.

Marketing Files


Due Diligence


Broker Contact

Matthew Guerra
Direct: 626.898.9740
mguerra@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
Copyright © 2018 GIG Real Estate, Inc. dba. Growth Investment Group - Corp. ID 02021933
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