323 Soto Street Los Angeles, CA 90033
40-unit multifamily property in historic Boyle Heights, Los Angeles.
- Added:
- May 10, 2025
- Days on Market:
- 328
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 323 Soto Street
General Information
- Standard status
- Active
Building Details
- Year Built
- 1929
Listing agent LOGAN ALTMAN
Listing office ALTMAN APARTMENTS LLC
Listing date May 10, 2025
Source Corcoran
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 ALTMAN APARTMENTS LLC
Overview
Remodeled Multifamily Building in Boyle Heights
This is a 40-unit multifamily residential community located in Historic Boyle Heights. Built in 1929, the property features 38 studios and 2 one-bedroom units. Seventeen units have been remodeled with new flooring, kitchenettes, and finishes. The property is a two-story Class D building, originally designed as a hotel with 40 rooms and 1 apartment. Residents have access to on-site laundry and high-speed Wi-Fi. Security is enhanced by new video surveillance cameras, and the electrical system has been upgraded. The property is subject to the Los Angeles Rent Stabilization Ordinance (LARSO) and is registered with the Los Angeles Housing Department (LAHD) as 40 units, intended for long-term residential occupancy. The property was renovated in 2025 with new kitchenettes, electrical systems, flooring, and paint. The property is located near the historic pedestrian shopping mall of Cesar Chavez Avenue. The building is priced to sell at a 6.51% cap rate and 8.52 GRM on current income, with a potential 25.2% upside opportunity on rents for a potential 9.47% cap rate and 6.81 GRM at stabilization.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Beach Front Property ...
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.208
- Latitude
- 34.0476
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 40-unit multifamily property in historic Boyle Heights, Los Angeles.
Where is this apartment building located?
The property is located at 323 Soto Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Newly remodeled in 2025 with new kitchenettes, electrical, flooring, and paint.; 40‑unit multi‑family building in Historic Boyle Heights.; Priced to sell at a 6.51% cap rate and 8.52 GRM on current income.
