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937 S Soto St, Los Angeles, CA 90023
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937 S Soto St Los Angeles, CA 90023

$2,475,000 Sold Price as of 06/28/2019
  • 16 Beds
  • 11 Baths
  • 6,550 Sq.Ft.
Sold
$2,475,000 Sold Price as of 06/28/2019 Refinance Your Mortgage
Map preview of 937 S Soto St, Los Angeles, CA 90023

Property Overview: 937 S Soto St Los Angeles, CA has 16 bedrooms, 11 bathrooms, 6,550 living square feet and 8,570 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Boyle Heights is a unique area in Los Angeles that is bothhistoric and up and coming! This 5 unit building set atop SotoSt, is an excellent location on the cusp of Downtown LosAngeles, moments from USC Medical. Convenient Gold lineMetro and freeway access, and major bus transit are withinwalking distance. Eclectic shops, restaurants, neighborhoodamenities like Hollenbeck Park, State Street Recreation Centerand Prospect Park all within close proximity will combine toattract high quality tenants and bolster the property valueprojection.

Listed by Elena Mandeville | BRE #02047240 | Erik Velie
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
8,570
HOA Dues
$0/mo
Year built
2019
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19443858
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.44
  • Gross Scheduled Income: --
  • Net Operating Income: $125,000
  • Gross Operating Income: $171,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $30,000
  • Insurance: $4,258
  • Professional Management: $5,130
  • Water/Sewer: $1,200
  • Other Expenses: $4,912

Property Details for 937 S Soto St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5189006018
Location / Neighborhood
Location Information
  • Directions: Between Whittier Blvd and East 7th Street.
View more facts & features

Local Los Angeles Agent

Sale History for 937 S Soto St

Last sold for $2,475,000 on June 28th, 2019

  • December, 2019

  • Dec 4, 2019

    Date

    Expired

    CRMLS: 19462204

    $2,750

    Price

  • May 4, 2019

    Date

    Withdrawn

    CRMLS: 19462204

    $2,750

    Price

  • May 3, 2019

    Date

    Active

    CRMLS: 19462204

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW CONSTRUCTION!!Be the first to live in these newly constructed units in the up and coming trendy area of Boyle Heights! Apartment complex unit make up consist of four (3) bd (2)ba units and one detached (4) bd (3) ba single family home. Rents start at $2795. Located right at the corner of Soto and Whittier close to all forms of public transportation, major FWYs and less than 2 miles (5-minute drive) to the Arts District and other downtown hot spots! The units feature high ceilings, recessed LED lights, custom cabinets, granite counter tops, all new stainless steel appliances (including washer and dryer), new flooring, HVAC system and 2 parking spaces per unit. Pets are allowed and may be subject to separate pet agreement.-Units ready for move in by May 15th-12-month lease-2 parking spaces per unit (tandem)-Pets ok, with pet agreement-1000 security deposit

  • June, 2019

  • Jun 29, 2019

    Date

    Price Change

    CRMLS: 19443858

    $2,500,000

    Price

  • Mar 14, 2019

    Date

    Pending

    CRMLS: 19443858

    $2,500,000

    Price

  • June, 2019

  • Jun 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,475,000

    Price

  • April, 2018

  • Apr 19, 2018

    Date

    Price Change

    CRMLS: M401050

    $249,000

    Price

  • Listing provided courtesy of CRMLS

    PERFECT FOR THE FIRST TIME HOME BUYER.LOCATED ON A LARGE LOT NEAR ALL TRANSPORTATION.THERE IS ALLEY ACCESS FOR A SEPARATE DWELLING OFF THE GARAGE.GOOD TO OWN AND RENT.THERE IS A POSSIBILITY TO ADD ON MORE UNITS FOR GREAT RENTAL INCOME,CHECK WITH THE CITY.

  • July, 2017

  • Jul 26, 2017

    Date

    Sold

    CRMLS: WS17142880

    $360,000

    Price

  • Jul 1, 2017

    Date

    Pending

    CRMLS: WS17142880

    $329,000

    Price

  • Jun 28, 2017

    Date

    Hold

    CRMLS: WS17142880

    $329,000

    Price

  • Jun 28, 2017

    Date

    Active

    CRMLS: WS17142880

    $329,000

    Price

  • Listing provided courtesy of CRMLS

    Huge lot, could built more unit, fixer with lots of potential. Most convenient location, close to school, shop, downtown, transportation and fwy 710, 5 and 60. Property is being sold it "as is" condition. Buyer to do own inspections for suitability and satisfaction of any type. Buyers and selling agent to responsibility to check and verify all permit with City. this house will not qualify for VA or FHA financing.

  • July, 2017

  • Jul 25, 2017

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

Show More

Tax History for 937 S Soto St

Assessed Value (2020): $2,524,500
Year Land Value Improved Value Assessed Value
2020 $1,514,700 $1,009,800 $2,524,500

Home Value Compared to the Market

This property vs the competition

937 S Soto St sold on June 28, 2019 for 110.08% 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 $381.68 per/sqft which puts the price per square foot 49.45% lower than the current median sale per square foot for the city of Los Angeles.

About 937 S Soto St

Detailed summary of property

937 S Soto St is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 16 bedrooms, 11 bathrooms, roughly 6,550 living square feet, and sits on an approximately 8,570 square foot lot. 937 S Soto St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,475,000. 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 110.08% higher than the current median priced home. Local homes that are currently for sale include 125 Union Pl, 513 S Union Ave and 325 N Union Ave. 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 937 S Soto St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 937 S Soto St

Public county record property details
Beds
16
Baths
11
Year built
--
Sq. Ft.
6,375
Lot Size
--
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5189-006-062

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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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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