Contact Xavier Gomez
Schedule A Showing
323 Soto Street, Los Angeles, CA 90033
Priced at Only: $4,000,000
For more Information Call
Address: 323 Soto Street, Los Angeles, CA 90033
Property Location and Similar Properties
- MLS#: SR26043369 ( Apartment )
- Street Address: 323 Soto Street
- Viewed: 5
- Price: $4,000,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1929
- Bldg sqft: 0
- Days On Market: 35
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90033
- Provided by: Altman Apartments LLC
- Contact: Logan Logan

- DMCA Notice
-
DescriptionIntroducing The Silver on Soto Apartments an exceptional investment opportunity in the thriving Boyle Heights neighborhood! This renovated 40 unit property at 323 N Soto Street, Los Angeles CA 90033 presents a turn key asset with recent upgrades totaling over $300,000, including modern amenities and revitalized interiors. Strategically designed with a "Micro Unit" model, catering to the market demand for efficient living spaces, this property boasts a mix of bachelor units, maximizing revenue potential. With a current occupancy rate of 95% and a strong financial performance, this investment offers a solid NOI, presenting a current cap rate of 7.29% and a promising pro forma cap rate of 9.61%. Discover the potential for excellent returns and minimal capital expenditure requirements at The Silver on Soto Apartments! Turn Key Renovated Asset in High Growth Boyle Heights: This 40 unit apartment building underwent a comprehensive renovation in 2025. With over $300,000 in recently completed upgradesincluding new plumbing, electrical systems, paint, flooring, and cabinetrythe property offers a modernized, turn key investment with minimal immediate capital expenditure requirements. Strategic "Micro Unit" Model Maximizing Market Efficiency: Composed primarily of bachelor units (95% of the unit mix), the property utilizes a high efficiency micro unit model that serves a critical budget oriented demographic in Los Angeles. This design allows for a competitive entry level price point while still yielding an impressive actual rent of $4.38 per square foot, significantly outperforming traditionally sized apartments in the area. Substantial Revenue Upside through "Mark to Market" Strategy: The property features a significant valuation gap to be captured, with a projected pro forma CAP rate of 9.61% and a Cash on Cash return of 15.24%. Aligning current leases with market rates provides a clear pathway to increase monthly income from $42,241 to an estimated $52,990, representing a nearly 25% revenue growth opportunity. Exceptional Scalability and Portfolio Opportunity: For investors seeking immediate scale, this asset can be coupled with the nearby 150 N Soto Street property to instantly add 101 units to a growing portfolio in a prime rental market. Located within just two blocks of each other, managing these properties together offers a unique opportunity to scale operational efficiency and maximize overall profits.
Features
Appliances
- Microwave
- Refrigerator
- Water Heater Central
- Electric Cooktop
Assessments
- Unknown
- Buyer to Verify
Association Fee
- 0.00
Building Area Total
- 10364.00
Cable Tv Expense
- 12000.00
Carport Spaces
- 0.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Construction Materials
- Frame
- Stucco
- Drywall Walls
Cooling
- None
Country
- US
Electric Expense
- 47279.00
Entry Location
- Soto Street
Fencing
- Wrought Iron
Fireplace Features
- None
Flooring
- Laminate
Fuel Expense
- 5633.00
Garage Spaces
- 0.00
Heating
- Natural Gas
- Wall Furnace
Insurance Expense
- 27735.00
Interior Features
- Wired for Data
- Quartz Counters
- Ceiling Fan(s)
- 2 Staircases
Laundry Features
- Community
- Common Area
Levels
- Two
Lockboxtype
- None
Lot Features
- Rectangular Lot
- Near Public Transit
- Over 40 Units/Acre
Netoperatingincome
- 291704.00
Newtaxesexpense
- 48000.00
Parcel Number
- 5175010020
Parking Features
- None
Pest Control Expense
- 2160.00
Pool Features
- None
Professionalmanagementexpense
- 20796.00
Property Type
- Apartment
Property Condition
- Turnkey
Road Frontage Type
- City Street
- Alley
Road Surface Type
- Paved
Security Features
- Smoke Detector(s)
- Resident Manager
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 457480410:CRM
Spa Features
- None
Totalexpenses
- 228201.00
Trash Expense
- 6449.00
Uncovered Spaces
- 0.00
Utilities
- Cable Connected
- Cable Available
View
- City Lights
- Neighborhood
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1929
Year Built Source
- Assessor
Zoning
- C1-1-CUGU
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com












