NOT LISTED FOR SALE

615 S Soto St Los Angeles, CA 90023

Estimated Value: $1,000,291 - $1,528,000

5 Beds
4 Baths
6,087 Sq Ft
$208/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $700,000 $115 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $7,668/month

11 Days on Market

About This Home

As of November 2014

Standard Sale, multi-family property in the City of Los Angeles. These 10 units property
is close to Freeways and Public Transportation, Markets and has "Unlimited Potential".
This property is sell in its present condition, no termites.

Last Agent to Sell the Property

Martha Orozco

Century 21 Union Realty License #01344864 Listed on: 09/01/2014

Century 21 Union Realty

Co-Listed By

Katiana Cadena

RE/MAX College Park Realty License #01356350

Last Buyer's Agent

Martha Orozco

Century 21 Union Realty License #01344864 Listed on: 09/01/2014

Century 21 Union Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,060

Year Built

  • Built in 1907

Lot Details

  • 7,777 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 6,087 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 2046
  • Assessor Parcel Number 5183024035

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Maintenance Expense $4,200
  • Trash Expense $2,200
  • Water Sewer Expense $4,300
  • New Taxes Expense $8,688
  • Operating Expense $22,388
  • Gross Income $5,675
  • Net Operating Income $64,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,060

Year Built

Built in 1907

Lot Details

0

Listing Details

  • CapRate: 7.90
  • Property Attached: Yes
  • Water Sewer Expenses: 4300.00
  • Property Type: Residential Income
  • Parcel Number: 5183024035
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 115.00

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7777.00
  • Lot Size Acres: 0.1790

Multi Family

  • Gross Income: 5675.00
  • Gross Multiplier: 8.99
  • Gross Scheduled Income: 91125.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7777.0000 Square Feet
  • Maintenance Expense: 4200.00
  • Net Operating Income: 64797.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 27338.00
  • Rent Control: Yes
  • Total Expenses: 22388.00

Tax Info

  • New Taxes Expense: 8688.00
  • Tax Lot: 33
  • Tax Tract Number: 2046
  • Tax Annual Amount: 6060.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2015
Sold by
West Slauson Llc
Bought by
Barrington Capital Llc
Current Estimated Value
$1,264,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 1, 2014
Closed on
Nov 10, 2014
Sold by
Kohan John
Bought by
West Slauson Llc
Seller's Agent
Martha Orozco
Century 21 Union Realty
Buyer's Agent
Martha Orozco
Century 21 Union Realty
List Price
$819,000
Sold Price
$700,000
Premium/Discount to List
-$119,000
-14.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Original Mortgage
$500,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 1, 2014
Closed on
Oct 23, 2014
Sold by
Abner Hanna
Bought by
Kohan John
Seller's Agent
Martha Orozco
Century 21 Union Realty
Buyer's Agent
Martha Orozco
Century 21 Union Realty
List Price
$819,000
Sold Price
$700,000
Premium/Discount to List
-$119,000
-14.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 1, 2014
Closed on
Sep 26, 2014
Sold by
Garcia Roberta
Bought by
Kohan John
Seller's Agent
Martha Orozco
Century 21 Union Realty
Buyer's Agent
Martha Orozco
Century 21 Union Realty
List Price
$819,000
Sold Price
$700,000
Premium/Discount to List
-$119,000
-14.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2014
Sold by
Gomez Pedro
Bought by
Garcia Roberta

Purchase Details

Closed on
Mar 7, 2003
Sold by
Mendoza Agapito and Mendoza Catalina
Bought by
Gomez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Barrington Capital Llc -- Comnionwealth Land Title Ins
West Slauson Llc -- Lawyers Title Company
Kohan John -- Lawyers Title Company
Kohan John -- Lawyers Title Company
Garcia Roberta -- None Available
Gomez Pedro $350,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrington Capital Llc $1,181,000
Closed Barrington Capital Llc $784,000
Previous Owner Kohan John $500,000
Previous Owner Gomez Pedro $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2014 11/14/14 Sold $700,000 -14.5% $115 / Sq Ft
09/12/2014 09/12/14 Pending -- -- --
09/01/2014 09/01/14 For Sale $819,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,194 $841,282 $420,641 $420,641
2024 $11,194 $824,788 $412,394 $412,394
2023 $10,997 $808,616 $404,308 $404,308
2022 $10,528 $792,762 $396,381 $396,381
2021 $10,376 $777,218 $388,609 $388,609
2019 $10,092 $754,168 $377,084 $377,084
2018 $9,930 $739,382 $369,691 $369,691
2016 $9,417 $710,674 $355,337 $355,337
2015 $9,291 $700,000 $350,000 $350,000
2014 $6,060 $413,511 $177,219 $236,292
Source: Public Records

Agents Affiliated with this Home

  • Martha Orozco

    Seller's Agent in 2014

    Martha Orozco

    Century 21 Union Realty

    (310) 722-2533

    9 Total Sales

    Martha Orozco
    Section Image
  • Katiana Cadena

    Seller Co-Listing Agent in 2014

    Katiana Cadena

    RE/MAX

    (562) 355-6317

    66 Total Sales

    Katiana Cadena
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14187886

California Regional Multiple Listing Service (CRMLS)

APN: 5183-024-035

California Los Angeles County Los Angeles 90023

615 S Soto St, Los Angeles, CA

This home is located at 615 S Soto St, Los Angeles, CA 90023 since 01 September 2014 and is currently estimated at $1,264,146, approximately $207 per square foot. This property was built in 1907. 615 S Soto St is a home located in Los Angeles County with nearby schools including Breed 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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