323 N Soto Street

Los Angeles, CA 90033

  • 0 Bed(s)
  • 0 Bath(s)
  • 11,408 Sqft
  • 6993
    Sqft(Lot)
$4,450,000

Description

Presenting for sale: a multi-family 40 unit newly remodeled residential community located in historic boyle heights. this property has 38 studios and 2 one bedrooms. 17 units have been renovated with new flooring, kitchenettes, and sleek finishes. tenants have access to the amenities of on-site laundry, high speed wi-fi internet, and proximity to the historic pedestrian shopping mall of cesar chavez avenue. the new video surveillance cameras are great for security and the upgraded electrical system brings these rentals into the modern era!



this 40-unit 1920's residential hotel building in historic la’s boyle heights consists of 2 one-bedrooms and 38 studios. this asset was built in 1929 with a certificate of occupancy that reads “2 story, class d, 40rooms, 1 apt., hotel”. this property is subject to the los angeles rent stabilization ordinance (larso) and may only be used for long term residential occupancy. the property is registered as 40 units with the los angeles housing department (lahd). the property was newly renovated in 2025 with new kitchenettes, electrical, flooring, paint, and more. this building is priced to sell at a 6.51% cap rate and 8.52 grm on current income. there is 25.2% upside opportunity on rents for a potential 9.47% cap rate and 6.81 grm at stabilization.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49517319

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1929
    • Building Area Total: 11,408

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1605
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6993

  • Listing Price Information

    • Original List Price: 4,450,000
    • Listing Contract Date: 2025-04-25

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5175010020

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Directions: Exit I-10 Southbound on Soto Street or Exit I-5 Eastbound on Cesar Chavez Avenue
    • Zoning: LAC1
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 96
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Appraiser
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/27/2025 @ 22:03

  • MLS: SR25091164
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 11,408 sqft, 6,993 sized lot, and 0 parking. are nearby neighborhoods.