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

iPro Real Estate

405 N. Soto St.
Los Angeles, CA 90033

Active, 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 
Days on Market: 562 
Number of Units: 11 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: LAC1 

Show More

Interactive

34.047962 -118.207405 $1,925,000 20601178
405 N. Soto St., Los Angeles, CA 90033
Directions to here from:

Area Information 90033

Population:

48,352 Up .02% since 2010
Average Income:
$46,501
Average Age:
31Years
Gender:
50.04%Male
49.96%Female
Households:
12,85146% with children
Average Value:
$618,668
Occupancy:
17.58%Owned
82.42%Rented
5.39%Vacant
Education:
24.04%High School
4.08%Associate
6.2%Bachelor
1.82%Graduate
Average Residency:
18Years
Crime Rate:
Average
Annual Rainfall:
15.59Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Mar 27, 2015
Transaction
Sold - Residential IncomeTR15005865
Price
$809,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Roderick 'Rick' Raymundo with Marcus & Millichap