ABOUT THIS PROPERTY

Prime Investment Opportunity, this Spanish-style multifamily property has been meticulously maintained by the same ownership for over 30 years and features high vaulted-ceiling units with exceptional light and architectural character. The property presents a strong value-add opportunity with over 56% rental upside, driven by extremely large unit layouts, including select units exceeding 1,000 square feet, allowing for the potential addition of extra bedrooms, conversion to true two-bedroom units, and incorporation of in-unit laundry to significantly increase rental income. There is also additional 4 individual garages and additional space behind garages that lend perfectly to potential multiple ADU’s build. Located in Boyle Heights submarket of Los Angeles, the asset is surrounded by major employment centers and lifestyle amenities such as Union Station, Crypto.com Arena, the Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, and Monterey Park Golf Club. Additional upside includes the potential to reduce property taxes through the Mills Act (buyer to verify eligibility), the opportunity to implement RUBS to reduce operating expenses (buyer to verify), and one unit can be delivered vacant at close of escrow, providing immediate repositioning flexibility. Seller financing may potentially be available, subject to mutually agreeable terms.

OVER 56% RENTAL UPSIDE (VALUE ADD POTENTIAL)!
EXTREMELY LARGE UNITS (ROUGHLY 1,000 SQ.FT. EACH)!

• Attractive Spanish Style Architecture Which Has Been Meticulously Maintained – High Vaulted Ceiling Units
• Long Time Owner of 30+Years!
• Over 56% Rental upside (Value Add Potential)!!-Extremely Large Units With Potential To Convert Into 2-Bedrooms With Laundry Room
• Possible Seller Financing Option
• Surrounded by all amenities LA has to offer such as but not limited to: Union Station, Crypto.com Arena, Monterey Park Golf Club, Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, etc.
• Potential To Reduce Property Taxes With Mills Act (Buyers to do their own investigation)
• Potential To Implement RUBS (ratio utility billing system), and reduce recurring expenses.
• One Unit Can Be Delivered Vacant At Close Of Escrow!
• https://principlequalityinvestments.com/436-s-soto-street-ca-90033/