Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    138 Soto St Los Angeles, CA 90033-2954

    • Apartment buildings
    • 13,924 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8313105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 138 Soto St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    13,924 SF
    Zone code
    LAR4
    Property type
    Apartment buildings
    APN
    5180-002-021
    APU
    5180002021

    Description

    This exceptional 20-unit apartment building presents a compelling value-add investment opportunity in Los Angeles' vibrant Boyle Heights neighborhood. Located at 138 N Soto Street, this property boasts 13,924 square feet on an 8,910 square foot lot. Built in 1930, the two-story building currently enjoys an 85% occupancy rate, generating a net operating income (NOI) of $199,072, representing a 5.70% capitalization rate. A pro-forma analysis projects an 8.17% cap rate and a NOI of $285,552. The asking price is $3,495,000, translating to $174,750 per unit and $251 per square foot. Nearly half of the units feature renovated interiors with modern amenities such as stainless-steel appliances (in select units), hardwood-like flooring, and ample storage. Building amenities include on-site laundry and secured access. The property benefits from its strategic location near major freeways (10, 5, 60, and 101), offering convenient access to Downtown Los Angeles and other key areas. The high demand for rental housing in Boyle Heights, where over 75% of residents live in investment-owned properties, ensures a strong and stable rental income stream. This property is ideal for investors seeking a secure, high-return investment with significant upside potential. The low vacancy rate and consistent rental income make this a compelling long-term investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.209
    Latitude
    34.0446
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,892
    $1,896,380
    $1,344,621
    $3,241,001
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,236 SF

      2483 Lancaster Ave

      APARTMENT HOUSE (5+ UNITS) • 3,236 SF
      2483 Lancaster Ave, Los Angeles, CA 90033-1501
      View Details
    • Value Estimation by Request
      7,688 SF

      1042 Brittania St

      APARTMENT HOUSE (5+ UNITS) • 7,688 SF
      1042 Brittania St, Los Angeles, CA 90033-1388
      View Details
    • Value Estimation by Request
      7,380 SF

      2100 City Vw Ave

      APARTMENT HOUSE (5+ UNITS) • 7,380 SF
      2100 City Vw Ave, Los Angeles, CA 90033-1805
      View Details
    • Value Estimation by Request
      3,344 SF

      506 Progress Pl

      APARTMENT HOUSE (5+ UNITS) • 3,344 SF
      506 Progress Pl, Los Angeles, CA 90033-1636
      View Details
    • Value Estimation by Request
      5,296 SF

      407 Progress Pl

      APARTMENT HOUSE (5+ UNITS) • 5,296 SF
      407 Progress Pl, Los Angeles, CA 90033-2334
      View Details
    • Value Estimation
      $785,000
      27,837 SF

      1330 Pleasant Ave

      APARTMENT HOUSE (5+ UNITS) • 27,837 SF
      1330 Pleasant Ave, Los Angeles, CA 90033-2370
      View Details

    Similar Nearby for Sale

    • $925,000

      Los Angeles Multifamily Investment Opportunity

      Eight-unit property near Keck Medical Center and Cal State LA.
      727 Cornwell St, Los Angeles, CA 90033
      View Details
    • $1,195,000

      Six-Unit Multifamily Property

      Six-unit multifamily property for sale in Los Angeles.
      2744 Lanfranco St, Los Angeles, CA 90033
      View Details
    • $1,025,000
      3,184 SF

      Los Angeles Income Property

      Income property in historical Los Angeles community with easy freeway access.
      2007 Pennsylvania Ave, Los Angeles, CA 90033
      View Details
    • $1,349,999
      3,000 SF

      Remodeled Los Angeles Apartment Building

      Meticulously remodeled 5-unit apartment building in Los Angeles.
      2432 Fairmount St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Boyle Heights Multifamily Investment Opportunity

      Five-unit property near Downtown LA with strong rental upside.
      716 Echandia St, Los Angeles, CA 90033
      View Details
    • $1,050,000
      2,234 SF

      Boyle Heights Development Land

      Prime Boyle Heights location, redevelopment potential.
      206 Soto St, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      7,593 SF

      Prime Retail Space, Los Angeles

      High-traffic location, two units available.
      2401 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      21,750 SF

      Fenced Lot in Boyle Heights

      M3 lot with electric and water, ideal for storage.
      1515 S Evergreen Ave, Boyle Heights, CA 90033
      View Details
    • Contact for pricing
      50,800 SF

      Distribution Building with Secured Yard

      Distribution building with large secured yard, near I-5 & 10.
      2533 Medford St, Los Angeles, CA 90033
      View Details
    • $4 SF/Yr
      38,495 SF

      Prime LA Commercial Land

      Vacant lot, 38,495 sq ft, high visibility
      2307 Charlotte St, Los Angeles, CA 90033
      View Details
    • $0.69 SF/Yr
      25,252 SF

      East River Warehouse/Flex/Creative Space

      East River Warehouse/Flex/Creative Space
      1443 East 4th St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Grocery Store Space in Boyle Heights

      Rehabbed grocery store space in prime Boyle Heights location.
      2432 E 1St St, Los Angeles, CA 90033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138 Soto St
    Los Angeles, CA 90033-2954
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.