20-Unit Apartment
New
For Sale
$3,095,000
138 N Soto St, Los Angeles, CA 90033
A mix of studios and one- and two-bedroom residences is supported by on-site laundry and management.
Property SizeContact for details
Days on Market2
Property Features for 138 N Soto St
General Information
Standard status
Active
Property subtype
Multifamily
Site & Location
Neighborhood
Boyle Heights
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
11 x studio, 6 x 1BR, 3 x 2BR
Multifamily Units
20
Individually Metered Utilities
gas, electricity
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
6.82%
Amenities
on-site laundry
Prime Boyle Heights Location
Well-Maintained Property with Almost 50% of Units Renovated - Over $200k in Building Renovations
Select Units Boast Spacious Kitchens, Stainless-Steel Appliances, Horizontal Blinds, Hallway Storage, Hardwood Flooring Throughout, Large Closets, and Wall Air Conditioning
Approximately 20% Rental Upside
Ease of Management - On-Site Manager Oversees Day-to-Day Operations and Routine Repairs, Minimizing Owner Involvement
Separately Metered for Gas and Electricity
On-Site Laundry Facility
Within Walking Distance to Metro E Line Light Rail Station (Soto), Offering Quick Access to Various Parts of LA
Building Details
Buildings
1
Units
20
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Kian Maronde · License #License(s): CA: 01952189
(818) 212-2651
Source:
Marcusmillichap
Added: Oct 23
Last Checked: Oct 23 at 5:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
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Investment Insights
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This 20-unit apartment property at 138 N Soto St includes eleven studios, six one-bedroom apartments, and three two-bedroom apartments. Renovation work has upgraded nearly half of the residences. Select units have stainless-steel appliances, hardwood floors, spacious kitchens, storage, and wall air conditioning. On-site laundry and an on-site manager are also part of the property. Gas and electricity are separately metered.
The building is in Boyle Heights, south of Cesar E Chavez Ave and west of Evergreen Ave. Access to the 5, 10, 101, and 60 freeways is available, and the Soto Metro E Line station is within walking distance. Parks, retail, dining, entertainment, and healthcare destinations are located throughout the surrounding community.
The building is in Boyle Heights, south of Cesar E Chavez Ave and west of Evergreen Ave. Access to the 5, 10, 101, and 60 freeways is available, and the Soto Metro E Line station is within walking distance. Parks, retail, dining, entertainment, and healthcare destinations are located throughout the surrounding community.
Key Highlights
- 20 apartments: eleven studios, six one‑bedroom units, and three two‑bedroom units
- Renovations have upgraded nearly half of the apartments
- On‑site laundry and manager
Property Analytics
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Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of studios and one- and two-bedroom residences is supported by on-site laundry and management.
Where is this apartment building located?
The property is located at 138 N Soto St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: 20 apartments: eleven studios, six one‑bedroom units, and three two‑bedroom units; Renovations have upgraded nearly half of the apartments; On‑site laundry and manager
