323 N Soto Street, Los Angeles, CA 90033
Local realty services provided by:CENTURY 21 Valley Properties
323 N Soto Street,Los Angeles, CA 90033
$4,000,000
- - Beds
- - Baths
- 10,364 sq. ft.
- Multi-family
- Active
Listed by: logan altman
Office: altman apartments llc.310-903-0222
MLS#:SR26043369
Source:CRMLS
Price summary
- Price:$4,000,000
- Price per sq. ft.:$385.95
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 upgrades—including new plumbing, electrical systems, paint, flooring, and cabinetry—the 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....
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Home facts
- Year built:1929
- Listing ID #:SR26043369
- Added:115 day(s) ago
- Updated:June 22, 2026 at 10:41 AM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Electric Cooktop, Microwave, Refrigerator
- Living area:10,364 sq. ft.
Heating and cooling
- Heating:Natural Gas, Wall Furnance
Structure and exterior
- Year built:1929
- Building area:10,364 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Near Public Transit, Rectangular Lot
- Construction Materials:Drywall, Frame, Stucco
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,000,000
- Price per sq. ft.:$385.95
Features and amenities
- Appliances:Electric Cook Top
- Amenities:Ceiling Fans, Multiple Staircases, Quartz Counters, Water Heater
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