130 S Soto St Los Angeles, CA 90033

• May, 2022

• May 5, 2022

  Date

  Expired

  CRMLS: 21106101

  $3,200,000

  Price

• Nov 17, 2021

  Date

  Active

  CRMLS: 21106101

  $3,200,000

  Price

• Listing provided courtesy of CRMLS

  We are pleased to present the opportunity to acquire 130 South Soto Street, which is a 5-unit, 23 bedroom multifamily asset built in 2018 operating as a coliving community. The coliving concept allows a new investor to achieve rents higher than market rates by renting out its units per bedroom. This concept attracts tenants because of their short-term or flexible leases, perks like cleaning services, professionally furnished common areas, turn-key amenities, utilities, and sense of community with like-minded individuals who share the same values and lifestyle. The asset is located in Northeast Los Angeles in Boyle Heights, which is a rapidly developing neighborhood. It is strategically located "kitty-corner" to the Gold Line Soto Station. It is a five-minute Uber ride to the Arts District and it has a 94 Walk Score due to its proximity to popular restaurants and cafes like the original Guisados, King Taco, La Monarca Bakery & Cafe, and grocery stores like Food 4 Less. It is also only a five-minute drive to the Los Angeles County + USC Medical Center, which is a strong employment driver for the area. This asset is located in the path of progress. This uniquely positioned, three-story property was built in 2018 and consists of 2 five-bedroom/two-bathroom units, 2 five-bedroom/three-bathroom units, and 1 three-bedroom/one-bathroom unit (previously converted from a one-bedroom/one-bathroom unit). One unit is being rented out by Section 8 while another is master-leased. Each unit has in-unit washer and dryers that produce income, central heat and air-conditioning, and stainless-steel appliances. The building has seven parking spots, which also produce income. The premises is gated and well-secured with a monitoring system. The asset is not subject to AB 1482 or the Rent Stabilization Ordinance since it was built in 2018. This is a remarkable opportunity for a new investor to acquire a rare new construction asset that offers a high cash-on-cash yield in a burgeoning market.

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• December, 2020

• Dec 26, 2020

  Date

  Expired

  CRMLS: 20639196

  $3,250,000

  Price

• Oct 2, 2020

  Date

  Active

  CRMLS: 20639196

  $3,250,000

  Price

• Listing provided courtesy of CRMLS

  Opportunity to acquire a 2018 built, 9,909 sf (per assessor) asset in Boyle Heights, right across from the Gold Line Metro Train Station for only $328/SF. The entire building was initially leased by a non-profit for $19K a month but due to funding constraints, was not renewed. Current owners see the value in room rentals for students and working professionals commuting to LADT and beyond, (six tenants are paying $1,150/mo, incl. utilities), but do not have the management expertise to operate such a building. Investors experienced with co-living rentals or working with VA's housing program (VASH) or the City of LA housing initiatives, have a unique opportunity to acquire a NEW ASSET AT LESS THAN REPLACEMENT COST! Currently, 3 units are rented but 2 units have been kept vacant to allow for new ownership to determine the future direction. 8 parking spots on grade, no elevator and fully paid solar pays for common area bills. Washer/dryer in each unit on card pay system.

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• December, 2018

• Dec 1, 2018

  Date

  Expired

  CRMLS: SR18200669

  $4,500

  Price

• Aug 17, 2018

  Date

  Active

  CRMLS: SR18200669

  $4,500

  Price

• Listing provided courtesy of CRMLS

  Apartment for rent: Brand new modern 5 bedroom apartment for rent. Washer/dryer in unit. Opposite Metro station. Sub-lease okay.

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• August, 2003

• Aug 4, 2003

  Date

  Sold (Public Records)

  Public Records

  $210,000

  Price

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