323 N Soto Street, Los Angeles, CA 90033
Local realty services provided by:ERA North Orange County Real Estate
323 N Soto Street,Los Angeles, CA 90033
$4,000,000
- 1 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: logan altman
Office: altman apartments llc.
MLS#:SR26043369
Source:San Diego MLS via CRMLS
Price summary
- Price:$4,000,000
About this home
Introducing 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...
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Home facts
- Listing ID #:SR26043369
- Added:15 day(s) ago
- Updated:March 15, 2026 at 02:26 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
Structure and exterior
- Construction Materials:Stucco
- Levels:2 Story
Finances and disclosures
- Price:$4,000,000
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