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    422 N Soto St

    Los Angeles, CA 90033
    • $1,200,000
    • STATUS: Pending
    • ON SITE: 38 Days
    • ID#: 21-783734
    Pending
    UPDATED: 61 min ago
    $1,200,000
    • 15
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,992
      SQFT
    • $401
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:

    School Ratings & Info

    Description

    Value Add REO in prime Boyle Heights consisting of 15 SRO units. Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T21:42:40.163. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.vidaash.com/homes/121424916
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    422 N Soto St Los Angeles, CA 90033

    • Price: $1,200,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: 21-783734
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,992
    SQFT
    $401
    $/SQFT
    1895
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    Value Add REO in prime Boyle Heights consisting of 15 SRO units. Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. 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.
    Exterior Features

    Lot Size Area 5913 Other Structures None Parking Garage Controlled Entrance Total Parking 5

    Interior Features

    Baths Total 2.00 Cooling Other Equipment Other Heating Other

    Property Features

    Alley YN Yes Assessed Total Value 1515200 Gross Income 112254 Gross Operating Income 79854 Like Units1 15 Net Operating Income 60550.00 Number Of Buildings 1 Number Of Units 15 Owner Pays WaterElectricityGas Rent Control YN Yes Sale Type Real Estate Owned Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 48598 Type Of Units Sro Year Built Source Vendor Enhanced Zoning Lac1

    Listing provided courtesy of Hooman Emanuel DRE#01200237 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T21:42:40.163. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Vida Ash Properties | Compass
    11601 Wilshire Blvd
    Los Angeles CA, 90025