NOT LISTED FOR SALE

724 S Soto St Los Angeles, CA 90023

Estimated Value: $652,649

3 Beds
3 Baths
1,920 Sq Ft
$340/Sq Ft Est. Value

Last Sold February 14, 2018

Last sale price $430,000 $224 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,091/month

50 Days on Market

About This Home

As of February 2018

Three unit investment property in Boyle Heights. Two residential units and one retail unit. Retail space faces Soto Street. Fully occupied. Great value-add opportunity. Area undergoing revitalization. Arts District and 6th St Brodge Adjacent. Short commute to DTLA.

Last Agent to Sell the Property

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 05/31/2017

Last Buyer's Agent

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 05/31/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,217

Year Built

  • Built in 1925

Lot Details

  • 4,726 Sq Ft Lot

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Carport
  • Driveway
  • Automatic Gate

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5185-028-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,217

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1920
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 226.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Carport, Driveway - Concrete, Garage - 3 Car
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 60038
  • Assessed Land Value: 120095
  • Assessor Parcel Number: 5185-028-006
  • Geocode Override: No
  • Lot Size Area: 4726

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.00
  • Number Of Units: 3
  • Total Annual Expense: 8519
  • Type Of Units: 3
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2017
Closed on
Jan 26, 2018
Sold by
Aguirre Adriano F and The Aguirre Family Trust
Bought by
Ramirez Alejandro
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Sagiv Rosano
Rosano Partners
List Price
$435,000
Sold Price
$430,000
Premium/Discount to List
-$5,000
-1.15%
Current Estimated Value
$652,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,649
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
May 19, 2003
Sold by
Aguirre Adriano F and Aguirre Ellen Villan
Bought by
Aguirre Adriano F and Aguirre Ellen Villan
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
Ramirez Alejandro $430,000 Fidelity National Title
Aguirre Adriano F -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2018 02/14/18 Sold $430,000 -1.1% $224 / Sq Ft
12/08/2017 12/08/17 For Sale $435,000 +1.2% $227 / Sq Ft
11/28/2017 11/28/17 Off Market $430,000 -- --
11/26/2017 11/26/17 For Sale $435,000 +1.2% $227 / Sq Ft
11/16/2017 11/16/17 Off Market $430,000 -- --
10/11/2017 10/11/17 For Sale $435,000 +1.2% $227 / Sq Ft
10/02/2017 10/02/17 Off Market $430,000 -- --
08/14/2017 08/14/17 For Sale $450,000 0.0% $234 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
07/03/2017 07/03/17 For Sale $450,000 0.0% $234 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
05/31/2017 05/31/17 For Sale $450,000 -- $234 / Sq Ft
Source: The MLS

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 $6,217 $489,260 $331,560 $157,700
2024 $6,217 $479,667 $325,059 $154,608
2023 $6,103 $470,263 $318,686 $151,577
2022 $5,830 $461,043 $312,438 $148,605
2021 $5,754 $452,004 $306,312 $145,692
2019 $5,588 $438,600 $297,228 $141,372
2018 $2,517 $187,407 $124,945 $62,462
2016 $2,397 $180,133 $120,095 $60,038
2015 $2,365 $177,429 $118,292 $59,137
2014 $2,386 $173,954 $115,975 $57,979
Source: Public Records

Agents Affiliated with this Home

  • Sagiv Rosano

    Seller's Agent in 2018

    Sagiv Rosano

    Rosano Partners

    (213) 802-0262

    1 in this area

    8 Total Sales

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Map

Source: The MLS

MLS Number: 17-237584

The MLS

APN: 5185-028-006

California Los Angeles County Los Angeles 90023

724 S Soto St, Los Angeles, CA

This home is located at 724 S Soto St, Los Angeles, CA 90023 since 31 May 2017 and is currently estimated at $652,649, approximately $339 per square foot. This property was built in 1925. 724 S Soto St is a home located in Los Angeles County with nearby schools including Soto Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

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