NOT LISTED FOR SALE

531 N Soto St Los Angeles, CA 90033

8 Beds
8 Baths
7,528 Sq Ft
7,008 Sq Ft Lot

Last Sold March 11, 2016

Last sale price $990,000 $132 Per Sq Ft

49 Days on Market

About This Home

As of March 2016

CBRE, Inc. is proud to exclusively present 531 N Soto Street in the city of Los Angeles. 531 N Soto Street is an eight-unit multifamily property constructed in 1926 on a 7,008 square foot lot, with a total building size of 7,528 square feet. The property is separately metered for gas and electric, offers individual water heaters, a gated driveway, and eight uncovered parking spaces. 531 N Soto Street offers a strong unit mix of eight spacious one-bedroom/one-bathroom units. Units offer hardwood and tile flooring, washer and dryer hookups, ample closet and storage space, and wall units for heating and cooling. Though the property has minor deferred maintenance, a new investor is presented with the opportunity to inject a nominal amount of improvements, and increase rents to market rents by approximately 40%, upon each given vacancy. Drive by only, please do not disturb the tenants.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 12/02/2015

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 12/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,008 Sq Ft Lot

Interior Spaces

  • 7,528 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5175-009-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7528
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 132.57

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 240.00
  • Heating: Wall
  • Water Expense: 3160.00

Fee Information

  • Insurance Expense: 2635.00
  • Maintenance Expense: 3200.00
  • Management Expense: 3520.00
  • Other Expense: 1600.00
  • Trash Expense: 3200.00

Lot Info

  • Assessed Improvement Value: 210885
  • Assessed Land Value: 150630
  • Assessor Parcel Number: 5175-009-019
  • Geocode Override: No
  • Lot Size Area: 7008

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 13.75
  • Gross Scheduled Income: 72567.00
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 31819
  • Type Of Units: 1B/1B
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 1275.00

Range of Values:

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Average Value
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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
03/11/2016 03/11/16 Sold $990,000 -6.6% $132 / Sq Ft
01/20/2016 01/20/16 Pending -- -- --
12/02/2015 12/02/15 For Sale $1,060,000 -- $141 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2016

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    33 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2016

    James Brechlin

    CB Richard Ellis, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 15-962933

The MLS

California Los Angeles County Los Angeles 90033

531 N Soto St, Los Angeles, CA

This home is located at 531 N Soto St, Los Angeles, CA 90033 since 02 December 2015. This property was built in 1926. 531 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.
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