$2,500,000
SOLD SEP 30, 2024

323 N Soto St Los Angeles, CA 90033

40 Beds
39 Baths
10,364 Sq Ft
6,993 Sq Ft Lot

Recently Sold

$241 Per Sq Ft

47% Below List Price

150 Days on Market

Highlights

  • Views
  • Felicitas and Gonzalo Mendez High Rated A-
  • Laundry Facilities

About This Home

As of September 2024

323 N. Soto Street presents an exceptional investment opportunity in the heart of Boyle Heights. Significant potential exists for a new owner to implement a value-add strategy. This well-maintained two-story apartment building, constructed in 1929, encompasses 10,364 square feet and comprises 40 units on a 6,993 square-foot lot. Renovating individual units and common areas can reposition the asset to achieve market rental rates, offering flexibility for both short-term and long-term tenancies. P Ideally situated near renowned schools, the property is just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 03/01/2024

Keller Williams Studio City

Co-Listed By

Megan Husri

Keller Williams Studio City License #02089901

Last Buyer's Agent

Non-member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,993 Sq Ft Lot
  • Lot Dimensions are 50x140

Interior Spaces

  • 10,364 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer
  • Property Views

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 39 Bathrooms

Additional Features

  • City Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 40 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5175-010-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10364
  • Lot Acreage: 0.1605
  • Lot Dimensions: 50x140
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 40
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 39.00
  • Equipment: Washer
  • Price Per S Q F T: 458.32

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 74.99
  • Assessed Improvement Value: 1656631
  • Assessed Land Percent: 25.01
  • Assessed Land Value: 552600
  • Total Assessed Value: 2209231
  • Assessor Parcel Number: 5175-010-020
  • Lot Description: Single Lot, Sidewalks, Walk Street, Street Paved
  • Lot Location: City
  • Lot Size Area: 6993

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 8.90
  • Number Of Units: 40
  • Total Annual Expense: 205796
  • Type Of Units: 2
  • Vacancy Rate: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Sep 19, 2024
Sold by
Alsbrook Blake C
Bought by
323 Soto Street Llc
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
Non-member 999999
Non-member Office
List Price
$4,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$2,250,000
-47.37%
Views
35
Current Estimated Value
$3,731,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,231,873
Original Mortgage
$2,662,000
Interest Rate
6.49%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 7, 2013
Sold by
Harouni Sherly
Bought by
Harouni Kamyar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2013
Sold by
Soleymani Bijan
Bought by
Harouni Kamyar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2009
Sold by
Soleymani Bijan
Bought by
Soleymani Bijan

Purchase Details

Closed on
Oct 1, 2007
Sold by
Samikh Azam
Bought by
Soleymani Bijan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2007
Sold by
Yalamanchili Rao
Bought by
Soleymani Bijan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2005
Sold by
Berliner Berliner and Berliner Lafond
Bought by
Yalamanchili Rao

Purchase Details

Closed on
Dec 19, 2001
Sold by
Berliner Allen J and Berliner Revocable Fam Allen J
Bought by
Berliner Berliner and Berliner Lafond

Purchase Details

Closed on
Oct 20, 1994
Sold by
Larson Christian C
Bought by
Berliner Allen J and Berliner Irving J

Purchase Details

Closed on
Aug 2, 1993
Sold by
Mckay J A
Bought by
Crumpton H Eric

Purchase Details

Closed on
May 6, 1993
Sold by
R & R Reconveyance Inc
Bought by
Mckay J A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2025 07/12/25 Off Market -- -- --
04/16/2025 04/16/25 For Rent -- -- --
09/30/2024 09/30/24 Sold $2,500,000 -47.4% $241 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $4,750,000 -- $458 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2024

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    3 in this area

    69 Total Sales

    Section Image
  • Megan Husri

    Seller Co-Listing Agent in 2024

    Megan Husri

    Keller Williams Studio City

    (310) 775-7529

    3 in this area

    85 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Non-member 999999

    Non-member Office

See All Agents

Map

Source: The MLS

MLS Number: 24-362963

The MLS

California Los Angeles County Los Angeles 90033

323 N Soto St, Los Angeles, CA

This home is located at 323 N Soto St, Los Angeles, CA 90033 and is currently priced at $2,500,000, approximately $241 per square foot. This property was built in 1929. 323 N Soto St is a home located in Los Angeles County with nearby schools including Sheridan Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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