Casa De Soto | 600 N Soto St
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Casa De Soto 600 N Soto St
16 Unit Apartment Building $3,312,144 CAD ($207,009 CAD/Unit) 5.75% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Over 45% Rental Upside!
- Lots of Work Done Including: Copper Plumbing, New Skylights, Second Story Flooring & the Foundation Seismic Retrofit Completed!
- Charming 1920s Construction with Easy Access to the 5, 10, 101, & 710 Freeways!
- Large Storage Space in Basement- Potential ADU Conversion! (Buyer to Verify)
- Property is Near E Cesar E Chavez Ave Offering Access to Plenty of Stores and Entertainment Options!
- Less than 3 Miles from Cal State University, Los Angeles and Less than 5 Miles from Dodger Stadium!
EXECUTIVE SUMMARY
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 600 N Soto St, a 16-Unit multifamily apartment building located in the 90033 zip code of Los Angeles.
PROPERTY FACTS
| Price | $3,312,144 CAD | Property Subtype | Apartment |
| Price Per Unit | $207,009 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.75% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 9.52 | Building Size | 11,034 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Price | $3,312,144 CAD |
| Price Per Unit | $207,009 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Gross Rent Multiplier | 9.52 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,034 SF |
| No. Stories | 2 |
| Year Built | 1924 |
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 6 | - | - |
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5177-022-016 | Improvements Assessment | $1,482,938 CAD |
| Land Assessment | $1,336,733 CAD | Total Assessment | $2,819,670 CAD |
PROPERTY TAXES
Parcel Number
5177-022-016
Land Assessment
$1,336,733 CAD
Improvements Assessment
$1,482,938 CAD
Total Assessment
$2,819,670 CAD
ZONING
| Zoning Code | R3, Los Angeles (Multiple Dwelling - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
| R3, Los Angeles (Multiple Dwelling - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
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Casa De Soto | 600 N Soto St
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