2402 Chelsea St and 1216 N Soto St. Los Angeles CA 90033

$4,075,000
For Sale

Property Details

17 17 0 Multifamily

2402 Chelsea St and 1216 N Soto St, Los Angeles, California 90033

Description:

Pacific Partners Real Estate Investments proudly presents the exclusive listing 2402 Chelsea St and 1216 N Soto St. Los Angeles, CA 90033. This unique property consists of 17 units with a mix of (1+1). The interior of each unit has been improved to include new flooring, upgraded appliances, new plumbing and lighting fixtures, open spacious floor plans and washer / dryer hookups, which are available for all units. The exterior of the buildings has also been upgraded with extensive paint and stucco work, considerable concrete ground work throughout, new fencing, upgraded windows and extensive plumbing and electrical upgrades throughout. This unique property is master leased by a Los Angeles City Housing Affiliate for 5 years for a total monthly rent of $27,999, with an option for the Lessor to extend the master lease agreement for an additional 5 years. Placed in a central location and with easy access to the I-5 and I-10 freeways, the property is just minutes away from the popular Downtown Arts District, Dodger stadium, Cal State LA and Downtown Los Angeles.