The subject property is a 6-unit multi-family apartment building located in the vibrant Boyle Heights neighborhood of Los Angeles, California. The property consists of two separate structures: a duplex and a fourplex. Each unit has its own entrance, and the 2nd-floor two-bedroom units have large balconies. The location offers very easy access to five freeways surrounding Downtown Los Angeles. With a highly desirable location in an area poised for rapid appreciation, 733 N Soto Street presents an excellent investment opportunity. The unit mix consists of (2) 2+1+Den units, (2) 2+1 units, and (2) 1+1+Den units, all of which are separately metered for gas and electric.
Listing provided courtesy of
, Pacific Union International
Additional Property Details
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One of the older neighborhoods on the Eastside of Los Angeles, Boyle Heights combines history with a thriving Latino community. Close to downtown and rich in tradition, this area is considered one of the areas primed for development.
Real Estate: As one of the more established neighborhoods on the Eastside, Boyle Heights is full of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here. Apartments and townhouses are also for sale in the area and some newer developments with lofts and condos are being built. The massive Sears, Roebuck & Company Mail Order Building is being reconfigured into a large complex with housing, offices, and retail.
Community Life: Mariachi Plaza is named for the mariachi musicians who gathered here since the 1930s. Now the site of a stop on the Gold Line the area is a popular site for festivals and events including a lively farmer’s market held on Friday afternoons.
Education: Boyle Heights is served by the Los Angeles Unified School District including Murchison Street Elementary, Christopher Dena Elementary, Utah Street Elementary, Hollenbeck Middle School, and Theodore Roosevelt Senior High. Local private schools include Assumption Elementary, Dolores Mission, and Bishop Mora Salesian High School.
Transportation: Boyle Heights sits at the intersection of the 5, 10, and 60 Freeways. The Metro Gold Line has a Highland Park station and there are several bus lines which run along Figueroa Street.
Local Attractions: The former LAC+USC Medical Center building is an Art Deco structure recognizable to fans of the soap opera “General Hospital” where the building appeared in the opening credits for decades. Painted at the height of the Chicano Civil Rights Movement, the Estrada Courts murals are famed for their vibrancy. Breed Street Shul, once the largest Orthodox synagogue in the Western United States.
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