Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$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. Individually metered for Gas &Electricity.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
www.debonishomes.com/homes/115379568
Print Image

405 N Soto Street Los Angeles (City), CA 90033

  • Price: $1,925,000
  • Status: Active
  • Updated: 38 min ago
  • ID#: 21709150
0
Beds
0
Baths
0
½ Baths
0.16
Acres
7,640
SQFT
$252
$/SQFT
1924
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$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. Individually metered for Gas &Electricity.
Exterior Features

Parking Features Uncovered

Property Features

Gross Income 121980 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 91311 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac1

Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365303839-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365303839-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365303839-1.jpg
Logo
The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508