Property Details
Year Built: 1962
Units: 6
Price / Unit: $183,333
Price / SqFt: $263.16
CAP: 5.21%
GRM: 11.62
Executive Summary
- The Neema Group of Marcus & Millichap is pleased to present 959 S Soto St, a 6-unit apartment building in Boyle Heights located just off of the East Los Angeles Interchange between 7th Street and Whittier Boulevard
- The property features an ideal unit mix made up of all two-bedroom units; there are six parking spaces located at the rear of the property
- The property will be delivered fully occupied with strong in-place cash flow and significant rental upside of over 33% achievable as units turn
- Opportunity to purchase a well-located asset directly across the street from Salesian High School; walking distance to numerous retail amenities down S Soto St
- High Walk Score of 85, close proximity to schools, employment, and retail amenities; the property is centrally located with easy access to the 60, 5, 10 and 710 Freeways, allowing an easy commute into Downtown Los Angeles and the San Gabriel Valley
- This neighborhood in Boyle Heights is rapidly gentrifying and ideally located on the main thoroughfare of Whittier Blvd
