422 N Soto Street, Los Angeles, CA 90033

About this property

Value Add REO in prime Boyle Heights consisting of 15 Units (9 SRO's + 6 with mixed amenities). Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. Property will be delivered with 5 vacant units (1 unit has fire damage). This building is surrounded by newer and well maintained buildings. There is tremendous opportunity to increase rents to an eventual double digit cashflow. Bridge financing is available if needed. Contact agent for OM.

Listing description from the June 2022 sale, as reported to CRMLS.

Sale history

$1,050,000

Sold June 2022 · listed $1,100,000, on market March 2022 · MLS #22141869 · Source: CRMLS

Listing Agent: Hooman Emanuel · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: Saul Miranda · Amer Ex Realty Inc

$1,515,250

Sold November 2019 · on market October 2019 · MLS #SR19249015 · Source: CRMLS

Listing Agent: Marcelo Mena · Listing Office: HomeSmart Evergreen Realty · Contact: 661-253-4480 · Bought with: Mauro Lopez · Century 21 Plaza

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