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142 N Soto St, Los Angeles, CA 90033
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142 N Soto St Los Angeles, CA 90033

$1,100,000 Sold Price as of 08/22/2024
  • 6 Beds
  • 3 Baths
  • 2,520 Sq.Ft.
Sold
$1,100,000 Sold Price as of 08/22/2024 Refinance Your Mortgage
Map preview of 142 N Soto St, Los Angeles, CA 90033

Property Overview: 142 N Soto St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,520 living square feet and 8,911 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the heart of Boyle Heights, 142 N Soto St is a developers dream! Situated on an expansive 8,911 square foot lot, this property boasts ample space for potential expansion or redevelopment. Zoned [Q]LAR4 with TOC4 designation, it presents an exciting prospect for investors seeking to maximize its development potential. With 22 units permitted by right, the property unlocks further possibilities with a TOC4 bonus, allowing for up to 40 units. Furthermore, a notable aspect of this property is its commitment to affordability, with the potential to develop up to 55 units dedicated to meeting the community's affordable housing needs. Whether you're looking to capitalize on the existing rental income, explore redevelopment opportunities, or contribute to the community's affordable housing initiatives, 142 N Soto St presents a versatile and promising investment. The rear 2 Bedroom + 1 Bathroom will be delivered vacant at Close of Escrow! DO DISTURB TENANTS! DRIVE BY ONLY!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 10 minutes ago | Last updated: August 23rd, 2024 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
8,911
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24399671
City
Los Angeles
County
Los Angeles
Time on Site
116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,562
  • Total Rent: $4,687
  • Pro Forma/Market Rent: $6,597
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 19.6
  • Gross Scheduled Income: --
  • Net Operating Income: $32,709
  • Gross Operating Income: $56,244
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 142 N Soto St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5180002022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Property on the East side of 1st St. Please use Google Maps for specific directions.
View more facts & features

Local Los Angeles Agent

Sale History for 142 N Soto St

Last sold for $1,100,000 on August 22nd, 2024

  • August, 2024

  • Aug 22, 2024

    Date

    Sold

    CRMLS: 24399671

    $1,100,000

    Price

  • Jun 3, 2024

    Date

    Active

    CRMLS: 24399671

    $1,100,000

    Price

  • November, 2018

  • Nov 24, 2018

    Date

    Expired

    CRMLS: 18377810

    $980,000

    Price

  • Aug 21, 2018

    Date

    Active

    CRMLS: 18377810

    $980,000

    Price

  • Listing provided courtesy of CRMLS

    : Developers and Investors desirable area!....Location, Location, Location! 3 Units in up-and-coming Boyle Heights area, approx. 10 minutes from Downtown Los Angeles and Dodger Stadium! This is a great investment opportunity in residential area. 2 beds, 1 bath, private yard, entrance foam the alley and long driveway, laundry room. The front 2 units feature 2 bed, 1 bath each. Near the 5,10 & 101 freeways, and Metro Gold Line half a block way.

  • April, 2009

  • Apr 30, 2009

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

  • September, 2008

  • Sep 15, 2008

    Date

    Sold (Public Records)

    Public Records

    $331,140

    Price

Show More

Tax History for 142 N Soto St

Assessed Value (2020): $350,880
Year Land Value Improved Value Assessed Value
2020 $237,186 $113,694 $350,880

Home Value Compared to the Market

This property vs the competition

142 N Soto St sold on August 22, 2024 for 1.79% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $436.51 per/sqft which puts the price per square foot 39.71% lower than the current median sale per square foot for the city of Los Angeles.

About 142 N Soto St

Detailed summary of property

142 N Soto St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,520 living square feet, and sits on an approximately 8,911 square foot lot. 142 N Soto St was first listed on ArdentRealEstateGroup.com on June 3, 2024. The homeowner sold the property for $1,100,000. Home 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 1.79% lower than the current median priced home. Local homes that are currently for sale include 3026 Folsom St, 631 S Evergreen Ave and 2746 Wabash Ave. While the average home in Los Angeles, CA is selling in 106 days, 142 N Soto St has a days on market of 53 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. For more information on this home for sale at 142 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 142 N Soto St

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
2,520
Lot Size
8,911
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,20
APN
5180-002-022

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
7
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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