531 N SOTO Street

Los Angeles , CA 90033

MLS#: 15962933

$998,000

Status: Closed
Listing number: 15962933
Listing provided by: CB Richard Ellis, Inc.
Listing agent phone: None
Last update: 2 years ago
On site: 10 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1926

Sq.Footage

N/A

CBRE, Inc. is proud to exclusively present 531 N Soto Street in the city of Los Angeles. 531 N Soto Street is an eight-unit multifamily property constructed in 1926 on a 7,008 square foot lot, with a total building size of 7,528 square feet. The property is separately metered for gas and electric, offers individual water heaters, a gated driveway, and eight uncovered parking spaces. 531 N Soto Street offers a strong unit mix of eight spacious one-bedroom/one-bathroom units. Units offer hardwood and tile flooring, washer and dryer hookups, ample closet and storage space, and wall units for heating and cooling. Though the property has minor deferred maintenance, a new investor is presented with the opportunity to inject a nominal amount of improvements, and increase rents to market rents by approximately 40%, upon each given vacancy. Drive by only, please do not disturb the tenants.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1609

  • Property Type

    Residential Income

Price

  • Sales Price

    $998,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

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Elementary School

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Listing Courtesy of Priscilla Nee , CB Richard Ellis, Inc.

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CBRE, Inc. is proud to exclusively present 531 N Soto Street in the city of Los Angeles. 531 N Soto Street is an eight-unit multifamily property constructed in 1926 on a 7,008 square foot lot, with a total building size of 7,528 square feet. The property is separately metered for gas and electric, offers individual water heaters, a gated driveway, and eight uncovered parking spaces. 531 N Soto Street offers a strong unit mix of eight spacious one-bedroom/one-bathroom units. Units offer hardwood and tile flooring, washer and dryer hookups, ample closet and storage space, and wall units for heating and cooling. Though the property has minor deferred maintenance, a new investor is presented with the opportunity to inject a nominal amount of improvements, and increase rents to market rents by approximately 40%, upon each given vacancy. Drive by only, please do not disturb the tenants.

531 N SOTO Street

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