727 N Soto St, Los Angeles, Ca 90033
Sold for $175,000 Above Asking!
First time for sale in almost 40 years! Great income property in the highly desirable Boyle Heights/City Terrace area near downtown LA.
Master metered for electricity. There are 12 separate gas meters, but at this time the Owner pays for all utilities. Laundry on-site, currently serviced by Coinmach. Potential for higher income. Huge upside potential.
Buyer to verify and conduct own due diligence.
Easy access to Freeways: I-10, I-101, I-5, I-710, I-60
| Property Highlights | |
|---|---|
| Street | 727 N Soto St |
| City | Los Angeles |
| State | CA |
| Zip | 90033 |
| Status | Sold |
| Property Type | Multi-family |
| Asking Price | $1,495,000 |
| Sold Price | $1,670,000 |
| Year Built | 1927 |
| Building Sq Ft | 10416 |
| Number of units | 19 |
| CAP Rate | 4.62 |
| GRM | 9.89 |
| Value per unit | $78,684 |
| Value per Square Feet | $143.53 |
| Broker Name | Vinny Jain |
| Telephone | (310) 433-6214 |
| vjain@iagpm.com | |
| Brochure file |
 727 N Soto_Analysis_Updated_11-04-16.pdf
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