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

$875,000
  • 15 Beds
  • 0 Baths
  • 2 Sq.Ft.
For Sale
$875,000 Get Pre-Qualified
Map preview of 518 S Soto St, Los Angeles, CA 90033

Property Overview: 518 S Soto St Los Angeles, CA has 15 bedrooms, -- bathrooms, 2 living square feet and 5,341 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Units 518 and 518 1/2: These two attached units each offer two bedrooms and one bathroom. Unit 518 is the larger of the two and boasts several modern updates, enhancing both comfort and style. Unit 518 1/2, while slightly smaller, is exceptionally functional and includes its own private, small fenced backyard—perfect for outdoor relaxation. Detached Unit: Unit 520: This stand-alone unit offers added privacy and its own private back patio. It has been recently updated with a new bathroom and kitchen, and several windows have been replaced to improve energy efficiency and aesthetics. The unit also benefits from gated off-street parking. Additional features of the property include alley access and parking for one car per unit. Recent city inspections have been completed, and the property has passed all required evaluations, ensuring it's ready for future development. This investment offers a mix of updated living spaces and practical features, making it a promising addition to your portfolio.

Listed by Joseph Olvera | BRE #01751889 | Arroyo Seco Realty Corp.
Last checked: 7 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,341
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Triplex
Status
Active
MLS#
GD24188513
City
Los Angeles
County
Los Angeles
Time on Site
7 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 5
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $4,394
  • Total Rent: $4,394
  • Pro Forma/Market Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,394
  • Net Operating Income: $350
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $250
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $60
  • Gardener: $150
  • Insurance: $400
  • Water/Sewer: $60

Open Houses for 518 S Soto St

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Property Details for 518 S Soto St

Interior Features
Laundry Information
  • Has Laundry
  • Inside, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5185002015
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: Property to be sold with Tenants
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South on Soto St.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 518 S Soto St

Last sold for $255,000 on October 30th, 2014

  • September, 2024

  • Sep 11, 2024

    Date

    Active

    CRMLS: GD24188513

    $875,000

    Price

  • October, 2014

  • Oct 30, 2014

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

  • November, 1994

  • Nov 28, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 518 S Soto St

Assessed Value (2020): $280,226
Year Land Value Improved Value Assessed Value
2020 $219,787 $60,439 $280,226

Home Value Compared to the Market

This property vs the competition

518 S Soto St is listed 27.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $437500 per/sqft which puts the price per square foot 56866.15% higher than the median price per square foot for the city of Los Angeles.

About 518 S Soto St

Detailed summary of property

518 S Soto St is a triplex located in Los Angeles, CA 90033 and is currently for sale. This triplex offers 15 bedrooms, -- bathrooms, roughly 2 living square feet, and sits on an approximately 5,341 square foot lot. 518 S Soto St was first listed on ArdentRealEstateGroup.com on September 11, 2024. The homeowner is currently asking $875,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 27.08% lower than the median priced home. Local competing homes currently for sale include 531 Brittania St, 2811 Cincinnati St and 1160 S Dacotah St. While the average home in Los Angeles, CA is selling in 106 days, 518 S Soto St has a days on market of 7 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 518 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 518 S Soto St

Public county record property details
Beds
5
Baths
3
Year built
1924
Sq. Ft.
1,987
Lot Size
5,338
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5185-002-015

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
8
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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