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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.
| DAYS ON MARKET | 44 | LAST UPDATED | 2/27/2026 |
|---|---|---|---|
| YEAR BUILT | 1929 | COMMUNITY | BOYH - Boyle Heights |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Cooktop, Microwave, Refrigerator, Water Heater |
| AREA | BOYH - Boyle Heights |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Natural Gas, Wall Furnace |
| INTERIOR | Ceiling Fan(s), Wired for Data |
| LOT | 6991 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 6993 |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available, Cable Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/17/26 2:39 AM PDT 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. Properties may or may not be listed by the office/agent presenting the information
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