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Reduced $100K! Duplex - Zone RD 1.5 206 S Soto St 2 Unit Apartment Building $1,032,398 CAD ($516,199 CAD/Unit) 5.10% Cap Rate Los Angeles, CA 90033
Investment Highlights
- MAJOR PRICE REDUCTION! Exceptional development opportunity—Duplex to be delivered VACANT!
- In proposed Boyle Heights Community Plan Update area with HIGH DENSITY designation.
- One block from Metro Line / 1st and Soto Station
- Front House: Vacant Craftsman, 3 bed / 1 bath | Rear Unit: 1 bed / 1 bath, occupied by caretaker, delivered vacant.
- Zone, RD1.5 - Lot size, 6751.6 - TOC, Tier 4
Executive Summary
$100K PRICE RDUCTION - BACK ON THE MARKET Duplex to be delivered VACANT! This 2,234 sqft property (1,418 sqft front house + 816 sqft rear unit) sits on a 6,751.6 sqft lot in RD1.5 zoning with TOC Tier 4, offering powerful density potential.
Existing Structures
• Front House: Vacant Craftsman, 3 bed / 1 bath, full rehab needed
• Rear Unit: 1 bed / 1 bath, occupied by a cooperative tenant
Development Potential
• 4.5 units by right (RD1.5)
• Up to 8 units with TOC Tier 4 (80% bonus)
With the newly approved Boyle Heights Community Plan Update (April 2023) designating this area for higher-density use, the site is primed for significant upside. Options include:
• Retain the front house and replace the rear structure with 2–3 new units
• Remove both structures and build up to 8 units under TOC incentives
Location Highlights
A premier Boyle Heights location—minutes from Downtown LA, the new 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital.
This is an outstanding opportunity for owner-users, investors, developers, or builders—ideal for adding ADUs or pursuing a full ground-up multifamily project.
Existing Structures
• Front House: Vacant Craftsman, 3 bed / 1 bath, full rehab needed
• Rear Unit: 1 bed / 1 bath, occupied by a cooperative tenant
Development Potential
• 4.5 units by right (RD1.5)
• Up to 8 units with TOC Tier 4 (80% bonus)
With the newly approved Boyle Heights Community Plan Update (April 2023) designating this area for higher-density use, the site is primed for significant upside. Options include:
• Retain the front house and replace the rear structure with 2–3 new units
• Remove both structures and build up to 8 units under TOC incentives
Location Highlights
A premier Boyle Heights location—minutes from Downtown LA, the new 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital.
This is an outstanding opportunity for owner-users, investors, developers, or builders—ideal for adding ADUs or pursuing a full ground-up multifamily project.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,073
|
$29.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,073
|
$29.58
|
| Taxes |
$12,871
|
$5.76
|
| Operating Expenses |
$2,065
|
$0.92
|
| Total Expenses |
$14,935
|
$6.69
|
| Net Operating Income |
$51,138
|
$22.89
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,073 |
| Annual Per SF | $29.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,073 |
| Annual Per SF | $29.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,871 |
| Annual Per SF | $5.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,065 |
| Annual Per SF | $0.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,935 |
| Annual Per SF | $6.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,138 |
| Annual Per SF | $22.89 |
Property Facts
| Price | $1,032,398 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $516,199 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.10% | Building Size | 2,234 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Zoning | RD1.5 - Zone, RD1.5 - TOC, Tier 4 - Lot Size, 6751.6 | ||
| Price | $1,032,398 CAD |
| Price Per Unit | $516,199 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,234 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1908 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | RD1.5 - Zone, RD1.5 - TOC, Tier 4 - Lot Size, 6751.6 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,785 CAD | - |
| 1+1 | 1 | $2,065 CAD | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5180-004-003 | Total Assessment | $74,490 CAD (2025) |
| Land Assessment | $39,440 CAD (2025) | Annual Taxes | $12,871 CAD ($5.76 CAD/SF) |
| Improvements Assessment | $35,049 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5180-004-003
Land Assessment
$39,440 CAD (2025)
Improvements Assessment
$35,049 CAD (2025)
Total Assessment
$74,490 CAD (2025)
Annual Taxes
$12,871 CAD ($5.76 CAD/SF)
Tax Year
2026
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Reduced $100K! Duplex - Zone RD 1.5 | 206 S Soto St
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