NOT LISTED FOR SALE

702 S Soto St Los Angeles, CA 90023

Estimated Value: $834,091 - $873,000

6 Beds
4 Baths
2,576 Sq Ft
$330/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $634,000 $246 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,244/month

76 Days on Market

Highlights

  • City Lights View
  • Fireplace in Bathroom
  • Property is near a park
  • Felicitas and Gonzalo Mendez High Rated A-
  • Contemporary Architecture
  • Corner Lot

About This Home

As of August 2019

Price Reduced 6/2/19! Excellent Location in Boyle Heights. 2 Units in Highly desirable location near Whittier Blvd, a few blocks away from the NEW 6th St. Bridge (under construction) and close to schools, Church, shopping and public transportation. Features two 2 bedroom units used as 3 bedroom 1.5 bath upstairs and a 3 bedroom 1.75 and 1/2 bath downstairs. Units have new electrical wiring and electrical panels, newer windows, recently painted exterior, newer kitchens and other upgrades. Great opportunity to liven in one unit and rent the other. Upstairs unit will be delivered vacant. Please drive by the property and make your offer subject to interior inspection.

Last Agent to Sell the Property

Jorge Amezcua

GEORGE MICHAEL REALTY License #00995457 Listed on: 04/15/2019

Last Buyer's Agent

Jorge Amezcua

GEORGE MICHAEL REALTY License #00995457 Listed on: 04/15/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,575

Year Built

  • Built in 1905 | Remodeled

Lot Details

  • 4,673 Sq Ft Lot
  • Lot Dimensions are 105x45
  • No Common Walls
  • West Facing Home
  • Chain Link Fence
  • Corner Lot
  • Gentle Sloping Lot
  • Back Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Contemporary Architecture
  • Turnkey
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,576 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Bonus Room with Fireplace

Kitchen

  • Microwave
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway Up Slope From Street
  • On-Street Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 4433
  • Assessor Parcel Number 5185028001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $420
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,250
  • Operating Expense $8,412
  • Net Operating Income $33,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,575

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Boyle Heights
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LAC1
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5185028001
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Bath, Bonus Room, Kitchen, Living Room, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 246.12
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking Features: Driveway, Driveway Up Slope From Street, Street
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Gentle Sloping, Near Public Transit, Park Nearby
  • Lot Size: 105x45
  • Lot Size Sq Ft: 4673.00
  • Lot Size Acres: 0.1073

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1250 Square Feet
  • Gross Scheduled Income: 39444.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4673.0000 Square Feet
  • Net Operating Income: 33528.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5916.00
  • Rent Control: Yes
  • Total Actual Rent: 3287.00
  • Total Expenses: 8412.00

Tax Info

  • New Taxes Expense: 7250.00
  • Tax Census Tract: 2047.00
  • Tax Lot: 1
  • Tax Tract Number: 4433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2025
Sold by
Morgan Trevor Scott
Bought by
Tmo Investments Llc
Current Estimated Value
$850,023

Purchase Details

Closed on
Jan 30, 2025
Sold by
Shivrani Trust and Patel Ajay H
Bought by
Morgan Trevor Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2024
Sold by
Clear Recon Corporation
Bought by
Shivrani Trust

Purchase Details

Listed on
Apr 15, 2019
Closed on
Jul 1, 2019
Sold by
Espinoza Ernesto and Hernandez Sua I
Bought by
Reising Nathan A
Seller's Agent
Jorge Amezcua
GEORGE MICHAEL REALTY
Buyer's Agent
Jorge Amezcua
GEORGE MICHAEL REALTY
List Price
$659,000
Sold Price
$634,000
Premium/Discount to List
-$25,000
-3.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%
Original Mortgage
$507,200
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2013
Closed on
Feb 11, 2013
Sold by
Romero Rosa Maria
Bought by
Espinoza Ernesto and Hernandez Sua I
Seller's Agent
Jorge Amezcua
GEORGE MICHAEL REALTY
Buyer's Agent
Jorge Amezcua
GEORGE MICHAEL REALTY
List Price
$249,000
Sold Price
$254,000
Premium/Discount to List
$5,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.47%
Original Mortgage
$249,399
Interest Rate
3.54%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 17, 2000
Sold by
Romero Elba
Bought by
Romero Rosa Maria

Purchase Details

Closed on
Apr 13, 2000
Sold by
Romero Elba
Bought by
Romero Elba and Romero Rosa Maria
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
Tmo Investments Llc -- First American Title Company
Morgan Trevor Scott $825,000 First American Title Company
Shivrani Trust $570,000 None Listed On Document
Reising Nathan A $634,000 Wfg National Title Co Of Ca
Espinoza Ernesto $254,000 Investors Title Company
Romero Rosa Maria -- --
Romero Elba -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Trevor Scott $742,500
Previous Owner Reising Nathan A $504,900
Previous Owner Reising Nathan A $507,200
Previous Owner Espinoza Ernesto $371,000
Previous Owner Espinoza Ernesto $325,500
Previous Owner Espinoza Ernesto $330,000
Previous Owner Espinoza Ernesto $249,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $634,000 -3.8% $246 / Sq Ft
06/30/2019 06/30/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $659,000 +159.4% $256 / Sq Ft
04/03/2013 04/03/13 Sold $254,000 +2.0% $99 / Sq Ft
02/07/2013 02/07/13 Pending -- -- --
01/24/2013 01/24/13 For Sale $249,000 -- $97 / 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 $8,575 $714,000 $459,000 $255,000
2024 $8,575 $679,771 $407,434 $272,337
2023 $8,413 $666,444 $399,446 $266,998
2022 $8,030 $653,377 $391,614 $261,763
2021 $7,923 $640,567 $383,936 $256,631
2019 $3,765 $280,386 $154,543 $125,843
2018 $3,685 $274,889 $151,513 $123,376
2016 $3,504 $264,217 $145,631 $118,586
2015 $3,458 $260,249 $143,444 $116,805
2014 $3,480 $255,152 $140,635 $114,517
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB19085527

California Regional Multiple Listing Service (CRMLS)

APN: 5185-028-001