1216 N Soto St Los Angeles, CA 90033

$1,957,500 Sold Price as of 09/28/2017

9 Beds
9 Baths
4,392 Sq.Ft.

Off Market

$1,957,500 Sold Price as of 09/28/2017 Refinance Your Mortgage

Map preview of 1216 N Soto St, Los Angeles, CA 90033

Property Overview: 1216 N Soto St Los Angeles, CA has 9 bedrooms, 9 bathrooms, 4,392 living square feet and 8,888 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1216 N Soto St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1216 N Soto St

Last sold for $1,957,500 on September 28th, 2017

December, 2018
Dec 8, 2018

Date

Expired

CRMLS: 18382224

$4,075,000

Price
Nov 30, 2018

Date

Withdrawn

CRMLS: 18382224

$4,075,000

Price
Nov 10, 2018

Date

Price Change

CRMLS: 18382224

$4,075,000

Price
Nov 9, 2018

Date

Active

CRMLS: 18382224

$4,265,000

Price
Oct 26, 2018

Date

Expired

CRMLS: 18382224

$4,265,000

Price
Oct 1, 2018

Date

Price Change

CRMLS: 18382224

$4,265,000

Price
Sep 5, 2018

Date

Active

CRMLS: 18382224

$4,390,000

Price
Listing provided courtesy of CRMLS

We proudly present the exclusive listing 2402 Chelsea St and 1216 N Soto St. Los Angeles, CA 90033. 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. The property consists of 17 units with a mix of (1+1). The interior of each unit has been significantly updated and renovated including new hardwood flooring, brand new modern appliances, updated copper plumbing, lighting fixtures, open spacious floor plans and washer / dryer hookups, which are available for all units. Located in Boyle Heights this property has 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.

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September, 2017
Sep 28, 2017

Date

Sold (Public Records)

Public Records

$1,957,500

Price

Tax History for 1216 N Soto St

Assessed Value (2020): $1,815,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,000,000	$815,000	$1,815,000

About 1216 N Soto St

Detailed summary of property

1216 N Soto St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90033 and last sold on September 28, 2017 for $1,957,500. This property has 9 bedrooms, 9 bathrooms, roughly 4,392 living square feet, and sits on an approximately 8,888 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 74.78% higher than the current median priced home. 1216 N Soto St was last sold on September 28, 2017 for $1,957,500. Local nearby listings include 3727 Middle Rd, 3719 Ramboz Dr and 2520 Lincoln Park Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1216 N Soto St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1216 N Soto St

Public county record property details

Beds: 9
Baths: 9
Year built: 1927
Sq. Ft.: 4,392
Lot Size: 8,888
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 5202-008-016

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$444

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$700

Total Inventory

Median Sale to List Price %

96.35%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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(714) 706-1823

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