323 Soto, Los Angeles, CA 90033
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
323 N. Soto Street presents an exceptional investment opportunity in the heart of Boyle Heights. With 13 UNITS DELIVERED VACANT, significant potential exists for a new owner to implement a value-add strategy. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. UNIT MIX: (36) Studios/Bachelor units with bathrooms and (4) 1 Bed + 1 Bath units. Renovating individual units and common areas can reposition the asset to achieve market rental rates, offering flexibility for both short-term and long-term tenancies. Participating in the Section 8 Housing program through entities like HACLA or its subsidiary programs such as PATH can further enhance the property's appeal. Ideally situated near renowned schools, the property is just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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