405 N. Soto St., Los Angeles, CA 90033 - 20601178 - iPro Real Estate

405 N. Soto St.
Los Angeles, CA 90033

Deleted, Multi-Family/Income Sale

For Sale

$1,925,000

Free Professional CMA

Listing ID : 20601178

  • Beds

    3
  • Year

    1924

Description

The property is steps away from E. Cesar Chavez Avenue, where tenants enjoy proximity to multiple retail and restaurant centers, including Walgreens, McDonalds, Guisados, La Monarca Bakery, Bank of America, and local coffeeshops.As the area has been redeveloped and improved over recent years, both rental rates and housing demand have steadily risen. As a result, the subject property currently holds substantial rent upside potential, with current rents approximately 60% below those of similar apartments in

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 5175010017
Net Operating Income: $79,033 
Number of Units: 11 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: LAC1 

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34.047962 -118.207405 $1,925,000 20601178
405 N. Soto St., Los Angeles, CA 90033
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Listed by Roderick 'Rick' Raymundo with Marcus & Millichap