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701 - 703 N Soto Street, Los Angeles, CA

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701 - 703 N Soto Street

Los Angeles, CA 90033-1928 - Boyle Heights MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:2016
Stories:2 Building Size:3,000 SF Land Area:.15 AC (6,564 SF)
For Sale Price:$1,425,000 Price/Unit:$356,250.00 Cap Rate:4.59 % GRM:-

Parking:2.66 Parking Spaces / 1,000 SF

Sale Notes:

The Growth Investment Group is proud to offer the Soto Street Apartments; a brand new, state-of-the-art 4-unit building in the Boyle Heights neighborhood of Los Angeles. This offering presents a tremendous opportunity for either an owner-user or for a first-time investor to break into the multi-family market due to the low maintenance costs of a brand new, turn-key building.
The property consists of two duplex buildings situated on a manageable 5,477 SF lot. It has great curb appeal and would be perfect for small families due to its attractive unit mix of all 3B+1.5B units. Each unit is separately metered for gas and electricity and there is central HVAC. Amenities also include security gating with 2 parking spots per unit, fire sprinklers, self-sustaining landscape that recycles water into the yard, and an electric vehicle charging station.

703 N Soto St occupies a highly-convenient location in the heart of Boyle Heights. It has superior access to the 10 FWY, 5 FWY, as well as public transit stops. Located just minutes way is the USC Medical Center. It also has an extremely high WalkScore of 85 according to Within walking distance are many restaurants, shops, markets, gas stations, an elementary school, and much more.

Growth Investment Group, Inc.
Justin McCardle
(626) 594-4901

Han Widjaja-Chen
(626) 594-4901

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