Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

405 North Soto Street . Central LA , CA 90033

MOTIVATED SELLER EXCHANGE BUYERS DREAM! Huge Upside Potential! For sale 11 units Apartment building in Los Angeles, CA. Renovated 2020.Excellent Boyle Heights location currently cash flowing at of 4.5% Cap Rate with Proforma Cap of 11.1% and GRM of 7.4. For more information contact listing agent ,Armin Soleimani - Global Platinum Properties arminsoleimani@gmail.com 310 666-2246

Posted: 12/12/2020 3:20 pm | On HOMEiZ: 1223 days | Updated: 1 year ago | Views: 3357 | Saved to favorites: 4

Location Map

Property Type

Sold

Property Price

$1995000
$1995000
07/05/2022
6,995.00 Sq. Ft.
$261
7640
Contact listing agent%
4.74%
$0
$94563
14.90
1.25%
$24938

Property Location & Description

MOTIVATED SELLER EXCHANGE BUYERS DREAM! Huge Upside Potential! For sale 11 units Apartment building in Los Angeles, CA. Renovated 2020.Excellent Boyle Heights location currently cash flowing at of 4.5% Cap Rate with Proforma Cap of 11.1% and GRM of 7.4. For more information contact listing agent ,Armin Soleimani - Global Platinum Properties arminsoleimani@gmail.com 310 666-2246
Rent Control
Renovated 2020.Amazing Value-Add opportunity with significant 100% upside in rents • Low Cost per Unit of $175K/Unit and Low Cost per SF of $251/SF • 7 Parking Spaces in the back mostly being used by lower-paying tenants • Potential of adding 2 ADUs in the back to improve the numbers to only 146k/door • Individually metered for Gas & Electricity
Excellent Boyle Heights location.
11
$181364
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
0+1 
7 
 
$1111
2.
1+1 
4 
 
$747
3.
 
 
 
4.
 
 
 
5.
 
 
 
5175010017
LAC1
100%
Wood & Stucco
2
1924 /Renovated 2020
Excellent
Excellent Boyle Heights location currently cash flowing at of 4.5% Cap Rate with Proforma Cap of 11.1% and GRM of 7.4
Amazing Value-Add opportunity with significant 100% upside in rents
Low Cost per Unit of $175K/Unit and Low Cost per SF of $251/SF
7 Parking Spaces in the back mostly being used by lower-paying tenants
Potential of adding 2 ADUs in the back to improve the numbers to only 146k/door
Individually metered for Gas & Electricity

Property Information

Sewer

Sewer System (Public)

Parking

On-street
Assigned Parking
7

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
Yes
Yes
Yes
Yes

Neighborhood lifestyle

Urban Core

More information

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2551
Sold

For Sale

$1,995,000

Listing Presented by

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