$4,000,000
323 N Soto Street, Los Angeles CA 90033
Multi-Family (40 Units)
Property type
98 days
On market
$386
Price per sqft
0 cars
Garage
1929
Year built
6,993 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Logan Altman DRE #01965826, Altman Apartments LLC
Listing updated: Feb 27, 2026 at 09:12am.
Last checked: Jun 5, 2026 at 08:01pm
Source: CRMLS #SR26043369
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 38 | 0 | 1 | — | $42,726 | $42,726 | $49,900 | Partially |
| 2 | 1 | 1 | — | $2,644 | $2,644 | $3,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 40
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Refrigerator: 40
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
7.3x
List Price / Annual Gross Rent
Cap Rate
7.29%
NOI / List Price
Gross Scheduled Income: $545,642
Vacancy Allowance Rate: 5%
Operating Expense: $228,201
Net Operating Income: $291,704
Annual Operating Expenses
Cable TV: $12,000
Electric: $47,279
Fuel: $5,633
Insurance: $27,735
Licenses: $4,267
Maintenance: $40,000
New Taxes: $48,000
Pest Control: $2,160
Professional Management: $20,796
Trash: $6,449
Water / Sewer: $0
Interior
Interior Features: Ceiling Fans, Multiple Staircases, Quartz Counters, Wired For Data
Room Type: Office
Flooring: Laminate
Cooling: None
Heating: Natural Gas, Wall Furnace
Appliances: Electric Cooktop, Microwave, Refrigerator, Water Heater
Fireplace: None
Laundry: Common Area
Entry Location: Soto Street
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Construction Materials: Drywall, Frame, Stucco
Property Condition: Turnkey
Common Walls: No Common Walls
Security Features: Resident Manager, Smoke Detectors
Lot Features: Over40 Units Acre, Near Public Transit, Rectangular Lot
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Cable Connected
View: City Lights, Neighborhood
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: None
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5175010020
Additional Parcels: No
Tax Lot: 18
Zoning: C1-1-CUGU
Tax Block: C
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks, Urban
Nearby Schools
Nearby schools around the 323 N Soto Street, Los Angeles, CA 90033. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,200,000
Total Interest
$4,081,424
Total Payment
$7,281,424
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$24,543
per month
Property History for 323 N Soto Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90033.
Similar Homes
Listings with similar prices to 323 N Soto Street