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Multifamily

706 N Soto St

706 N Soto St, Los Angeles, CA 90033

Listing Price: $2,395,000

Cap Rate
4.52%
Number of Units
12
Price/Unit
$199,583
Price/Gross SF
$224.50
Gross SF
10,668

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 706 North Soto Street, a 12-unit apartment building located in the supply constrained 90033 zip code of Los Angeles, CA.

Investment Highlights

  • Excellent Unit Mix Composed of Single, One and Two-Bedroom Units – Well Suited for Today's Market.
  • 706 North Soto Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. 47%.
  • 4.52% CAP Rate Day 1!
  • Spacious Units Averaging 889 Square Feet Each!
  • Property Offers On-Site Laundry Facilities for Tenants.
  • Brand New Landscaping!

Exclusively Listed By

Multifamily

706 N Soto St

Listing Price: $2,395,000

Cap Rate
4.52%
Number of Units
12
Price/Unit
$199,583
Price/Gross SF
$224.50
Gross SF
10,668

Investment Highlights

  • Excellent Unit Mix Composed of Single, One and Two-Bedroom Units – Well Suited for Today's Market.
  • 706 North Soto Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. 47%.
  • 4.52% CAP Rate Day 1!
  • Spacious Units Averaging 889 Square Feet Each!
  • Property Offers On-Site Laundry Facilities for Tenants.
  • Brand New Landscaping!

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 706 North Soto Street, a 12-unit apartment building located in the supply constrained 90033 zip code of Los Angeles, CA.

Exclusively Listed By

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