150 S Soto St, Los Angeles, CA 90033
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150 S Soto St Los Angeles, CA 90033

$1,500,000 Sold Price as of 01/20/2022
  • 15 Beds
  • 8 Baths
  • 5,902 Sq.Ft.
Sold
$1,500,000 Sold Price as of 01/20/2022 Refinance Your Mortgage

Map preview of 150 S Soto St, Los Angeles, CA 90033

Property Overview: 150 S Soto St Los Angeles, CA has 15 bedrooms, 8 bathrooms, 5,902 living square feet and 7,062 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eight (8) unit apartment building located at 150 South Soto Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of East 1st Street, and west of South Evergreen Avenue. Boyle Heights is a neighborhood located in the region east of the Los Angeles River. Living in Boyle Heights offers residents an urban suburban mix feel and most residents rent their homes. Located east of Downtown Los Angeles, Boyle Heights is one of Los Angeles' most historic and vibrant neighborhoods. From Mariscos Jalisco to MorrisseyOKE, residents can discover the best shopping, dining and hidden gems in Boyle Heights. The area contains many bars, restaurants, coffee shops, and parks. East Cesar E Chavez Avenue is the main commercial corridor running through Boyle Heights. This avenue is home to the majority of the food and entertainment venues in the area, such as Celestes & Lillies Embroidery Shop, Eastside Rehearsal Studios, Los Angeles Wedding Chapel, and much more. The many parks in the area include Boyle Heights Sports Center & Park, Hollenbeck Park, Prospect Park, State Street Recreation Center, and Evergreen Recreation Center. The area is also home to many schools, such as Breed Street Elementary School, Hollenbeck Middle School, Theodore Roosevelt High School, Salesian High School, and Sheridan Street Elementary School. This area offers easy access to the 101, 10, and 5 freeways and is in close proximity to the Metro Gold Line. Built in 1964, this property contains a great unit mix of two (2) one bedroom / one bathroom units, five (5) two bedroom / one bathroom units, and one (1) three bedroom / one bathroom unit. The property is gated, secure, and features on-site laundry facilities. The main artery of Boyle Heights, East Cesar Chavez Avenue, is located less than half a mile north of the subject property. Tenants will enjoy the incredible restaurants and retail amenities all located within walking distance. Some of these include Otomisan, Cake Girl, Brooklyn Ave Pizza Co., and Arctic Hotspot Cafe & Catering. The subject property is truly in the center of the best Boyle Heights has to offer with easy access to schools, the , grocery stores, and more. Outdoor recreation is also available less than half a mile away at Evergreen Recreation Center. There is full on-site parking available in the front and rear of the property. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity to capitalize on over 49% rental upside potential just over one (1) mile from the Arts District.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
7,062
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21108839
City
Los Angeles
County
Los Angeles
Time on Site
898 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,264
  • Total Rent: $1,264
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,303
  • Total Rent: $1,303
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,523
  • Total Rent: $1,523
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.2
  • Gross Scheduled Income: --
  • Net Operating Income: $78,623
  • Gross Operating Income: $126,288
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 150 S Soto St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Card/Code Access, 24 Hour Security
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Parking Space, Covered, Uncovered
Lot Information
  • Lot Features: Landscaped
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5180003010
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Boyle Heights location, south of East 1st Street, and west of South Evergreen Avenue.
View more facts & features

Local Los Angeles Agent

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Sale History for 150 S Soto St

Last sold for $1,500,000 on January 20th, 2022
  • January, 2022

  • Jan 20, 2022

    Date

    Sold

    CRMLS: 21108839

    $1,500,000

    Price

  • Nov 30, 2021

    Date

    Active

    CRMLS: 21108839

    $1,900,000

    Price

  • August, 2021

  • Aug 3, 2021

    Date

    Price Change

    CRMLS: 21739520

    $1,950,000

    Price

  • Jul 20, 2021

    Date

    Price Change

    CRMLS: 21739520

    $2,150,000

    Price

  • Jun 17, 2021

    Date

    Price Change

    CRMLS: 21739520

    $2,300,000

    Price

  • May 30, 2021

    Date

    Active

    CRMLS: 21739520

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Property is in good condition. Come become an investor with this income property. Sellers are very motivated. Property being sold in its as-is condition with occupants and has a cash flow.: Prime Boyle Heights located half a block to the Gold metro station, and less than a mile to the 5, 10 and 101 Freeways. Within four miles to dodger stadium, China town, Walt Disney, Union station. investment opportunity consists of an eight (8) unit multifamily individually metered for gas and electricity. The property provides 10 parking spaces for the tenants. This asset has been well maintained and cared for with a number of renovations to maximize the properties potential. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located in prime Boyle Heights with units that are in high rental demand.

  • August, 2002

  • Aug 19, 2002

    Date

    Sold (Public Records)

    Public Records

    $446,000

    Price

Show More

Tax History for 150 S Soto St

Assessed Value (2020): $590,627
Year Land Value Improved Value Assessed Value
2020 $193,339 $397,288 $590,627

Home Value Compared to the Market

This property vs the competition

150 S Soto St sold on January 20, 2022 for 51.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $304.98 per/sqft which puts the price per square foot 59.61% lower than the current median sale per square foot for the city of Los Angeles.

About 150 S Soto St

Detailed summary of property

150 S Soto St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 15 bedrooms, 8 bathrooms, roughly 5,902 living square feet, and sits on an approximately 7,062 square foot lot. 150 S Soto St was first listed on ArdentRealEstateGroup.com on December 1, 2021. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 51.26% higher than the current median priced home. Local homes that are currently for sale include 3813 Baldwin St, 945 Record Ave and 860 N Bunker Hill Ave. While the average home in Los Angeles, CA is selling in 94 days, 150 S Soto St has a days on market of 31 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 150 S 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 150 S Soto St

Public county record property details
Beds
14
Baths
8
Year built
1964
Sq. Ft.
5,902
Lot Size
7,062
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5180-003-010

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
$778,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.