13 Units Delivered Vacant! 323 N. Soto Street presents an exceptional opportunity for investors in the heart of Boyle Heights. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. The unit mix is comprised of of (36) Studios/Bachelor units with bathrooms & (4) 1 Bed + 1 Bath units, catering to a diverse range of tenants. With 13 vacancies currently available, significant potential exists for a new owner to implement a value-add strategy. Conducting renovations of individual units and common areas to reposition the asset can result in market rental rates offering flexibility for short-term or long-term tenancies. A new owner can also participate in the Section 8 Housing program through entities like HACLA or its subsidiary programs such as PATH. Strategically located in the vibrant Boyle Heights neighborhood, just west of downtown Los Angeles, 323 N. Soto Street benefits from its central location. The area boasts a dense population and a strong working-class community. Residents enjoy convenient access to amenities such as MacArthur Park, popular taco trucks, and efficient public transportation options, including bus and metro lines. Major employers such as Kaiser Permanente, Bank of America, and the Los Angeles County Department of Public Health are nearby. This property represents an exceptional investment opportunity in a dynamic and rapidly evolving neighborhood, offering immediate rental income potential and long-term value appreciation. **Buyer to verify Bed/Bath count and unit type.* 323 N. Soto St. can be purchased with 2221 Michigan Ave. & 1818 N. Broadway as a portfolio.
Property Details
Property Features
Property Information:
Year Built: 1929
Stories: 2
Living Area: 10,364 SqFt
Listing Office:
Office Name: Keller Williams Studio City
Office Phone: (818) 432-1500
Listing Agent: David Weinberger
Interior Features
Interior Information:
Appliances: Washer
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 40
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Felicitas and Gonzalo Mendez High School, Public District Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Hollenbeck Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Sheridan Street Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Cross Streets: E Cesar Chavez & N Soto St
Price Information
Listing Price Info
Price Summary:
List Price: $4,750,000
Price Per SqFt: $458/SqFt
Tax Information:
Annual Amount: $26,074
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.7M more than the Median Sold Price and $174/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24362963
Listing Office:
Office Name: Keller Williams Studio City
Office Phone: (818) 432-1500
Listing Agent: David Weinberger
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/31/2024, 11:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 13, 2013
Nov 13, 2013Home Sold
$1,875,000
Oct 16, 2007
Oct 16, 2007Home Sold
$1,500,000
Jul 01, 2005
Jul 01, 2005Home Sold
$1,150,000
Oct 24, 1994
Oct 24, 1994Home Sold
$205,000
Aug 09, 1993
Aug 09, 1993Home Sold
$48,807
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$26,074
$2,123,446
2020
$25,353
$2,101,673
2019
$25,115
$2,060,465
2018
$24,579
$2,020,065
2017
$24,579
$1,980,457
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Sheridan Street Elementary School
416 Cornwell St
Distance between this listing and this school0.21 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.32 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school23.50 miles
Public Magnet Grades KG-5
Middle School
5
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.79 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.30 miles
Public District Grades 6-8
High School
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.73 miles
Public Magnet Grades 9-12
5
/10
Felicitas and Gonzalo Mendez High School
1200 Plaza Del Sol St
Distance between this listing and this school1.14 miles
Public District Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school19.58 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Sheridan Street Elementary School
416 Cornwell St
Distance between this listing and this school0.21 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.32 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school23.50 miles
Public Magnet Grades KG-5
Assigned Schools
5
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.79 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.30 miles
Public District Grades 6-8
Nearby Schools
3
/10
Utah Street Elementary School
255 Gabriel Garcia Marquez St
Distance between this listing and this school1.01 miles
Public District Grades KG-8
Assigned Schools
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.73 miles
Public Magnet Grades 9-12
5
/10
Felicitas and Gonzalo Mendez High School
1200 Plaza Del Sol St
Distance between this listing and this school1.14 miles
Public District Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school19.58 miles
The neighbors living near this home have an average income of $29,783. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 323 N Soto St
What is the listing price of this property?
The listing price of 323 N Soto St property is $4,750,000.
What type of property is this?
The property 323 N Soto St is a house located in Los Angeles, California, 90033.
Is this property for sale now?
Active Listing: 323 N Soto St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 323 N Soto St are: Sheridan Street Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Hollenbeck Middle School: GreatSchools Rating 5/10Studio: GreatSchools Rating 4/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Felicitas and Gonzalo Mendez High School: GreatSchools Rating 5/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $26,074 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 13, 2013 for $1,875,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 323 N Soto St has 40 bedrooms and 39 bathrooms.
What is the square footage of this property?
The property 323 N Soto St is 10,364 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 323 N Soto St is 1929.
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This home is located at 323 N Soto St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 10,364 square foot home, which was built in 1929, sits on a 0.16 acre lot. Features: 40 bedrooms, 39 bathrooms. It has been listed on Rocket Homes since March 02, 2024 and is currently priced at $4,750,000.
In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.