$1,100,000 Price Analysis   ♡   Los Angeles, CA 90023 12 bed 6 bath 4,180 SqFt ($263/SqFt) 6,486SqFt lot. Built 1962 Listed 2024-01-17, Taxes $8,536 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This is an attractive investment opportunity at 959 South Soto St
* Has Contingent Offer *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 xisting 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.
Presented by Neema Ahadian at
Marcus & Millichap.
Property MLS #24-348655 from TheMLSCLAW
Full Bathrooms: 6
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6486
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 1750, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 1750, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 1750, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 1750, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 1750, 6 BedsTotal: 2, 6 BathsTotal: 1, 6 SquareFeet: 1750
County: Los Angeles
Cap Rate: 5.21
Directions: The apartment building is in Boyle Heights located just off of the East Los Angeles Interchange between 7th Street and Whittier Boulevard.
Source Property Type: Residential Income
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Parcel Number: 5189-006-011
Postal Code Plus 4: 1331
Zoning: LAC1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $408,340 + $236,718 $645,058 | $8,536 |
| 2021 | $400,334 + $232,077 $632,411 | $8,418 |
| 2020 | $396,230 + $229,698 $625,928 | $8,492 |
| 2019 | $388,461 + $225,195 $613,656 | $8,187 |
| 2018 | $380,845 + $220,780 $601,625 | $8,094 |
| 2017 | $373,378 + $216,451 $589,829 | $7,886 |
| 2016 | $366,057 + $212,207 $578,264 | $7,678 |
| 2015 | $360,559 + $209,020 $569,579 | $7,576 |
| 2014 | $353,497 + $204,926 $558,423 | $7,636 |
| 2013 | $351,900 + $204,000 $555,900 | $7,626 |
| 2012 | $85,272 + $24,962 $110,234 | $2,221 |
| 2010 | $83,600 + $24,473 $108,073 | $2,114 |
| 2009 | $83,174 + $24,349 $107,523 | $2,053 |
| 2009 | $82,976 + $24,291 $107,267 | $2,053 |
| 2008 | $81,544 + $23,872 $105,416 | $1,995 |
| 2007 | $79,946 + $23,404 $103,350 | $1,925 |
$1,100,000
TheMLSCLAW
Listing removed 2023-08-12
$0
CRMLS
Listed 2023-02-11
$1,634,000
CRMLS
Sold 2012-06-29
$525,000
CRISNET
Listed 2012-03-01
$575,000
CRISNET
Listing removed 2011-08-26
$567,000
SoCalMLS
Listed 2011-08-01
$567,000
SoCalMLS
Listing removed 2011-07-25
$584,700
SoCalMLS
Price Changed 2011-06-27
$584,700
SoCalMLS
Price Changed 2011-05-17
$599,788
SoCalMLS
Price Changed 2011-03-07
$617,033
SoCalMLS
Listed 2011-01-24
$658,900
SoCalMLS
Year Built: 1962
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 62
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.