NOT LISTED FOR SALE

933 S Soto St Los Angeles, CA 90023

Estimated Value: $1,230,000 - $1,241,140

3 Beds
6 Baths
2,583 Sq Ft
$478/Sq Ft Est. Value

Last Sold February 19, 2018

Last sale price $815,000 $316 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,744/month

19 Days on Market

About This Home

As of February 2018

We are pleased to exclusively offer for sale this turn-key multi-family investment in the city of Los Angeles. The subject property consists of 6 residential single story units spread amongst three separate structures. The subject property has been extremely well maintained by the current owner with recent improvements including copper plumbing, upgraded electrical, renovated kitchens and bathrooms, as well as double pane windows. Tenants enjoy onsite parking. Currently offered at a 12.3 GRM and 5.39% CAP Rate (based on current rents), a new investor can take advantage of an already strong rental market capitalizing on market rents and significantly increasing the overall cash-on-cash return.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/02/2017

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/02/2017

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,911

Year Built

  • Built in 1940

Lot Details

  • 8,569 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • 2,583 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 6 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 021
  • Tax Tract Number 21
  • Assessor Parcel Number 5189006021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $758
  • Insurance Expense $1,200
  • Maintenance Expense $3,500
  • Other Expense $1,200
  • Water Sewer Expense $3,900
  • New Taxes Expense $9,723
  • Operating Expense $20,281
  • Gross Income $66,204
  • Net Operating Income $43,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,911

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3900.00
  • Zoning: LAC1
  • Property Type: Residential Income
  • Parcel Number: 5189006021
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 315.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8569.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 758.00
  • Gross Income: 66204.00
  • Gross Operating Income: 64218.00
  • Gross Scheduled Income: 66204.00
  • Gross Spendable Income: 66204.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 3500.00
  • Net Operating Income: 43937.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 20281.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 20281.00
  • Vacancy Allowance: 1986

Tax Info

  • New Taxes Expense: 9723.00
  • Tax Census Tract: 2046.00
  • Tax Lot: 021
  • Tax Tract Number: 021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2017
Sold by
Rodriguez Gabriel A
Bought by
Sola Impact Fund Ii Lp
Current Estimated Value
$1,232,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,250
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2011
Sold by
Rodriguez Manola
Bought by
Rodriguez Gabriel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
4.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2002
Sold by
Chanto Fausta Melkys and Rodriguez Fausta Melkys
Bought by
Rodriguez Gabriel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.18%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 1996
Sold by
Johnson Natalie
Bought by
Rodriguez Gabriel A and Rodriguez Fausta Melkys

Purchase Details

Closed on
Mar 11, 1996
Sold by
Mccord Joseph H and Mccord Ann K
Bought by
Rodriguez Gabriel A and Rodriguez Fausta Melkys

Purchase Details

Closed on
May 22, 1995
Sold by
Torres Rose Valades and Wahlgren Roy
Bought by
Wahlgren Roy and Karg Ferdinand Joseph
Source: Public Records

Range of Values:

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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
Sola Impact Fund Ii Lp $815,000 Fidelity Title Company
Rodriguez Gabriel A -- Ticor Title Tustin Orange Co
Rodriguez Gabriel A -- Ticor Title Tustin Orange Co
Rodriguez Gabriel A -- --
Rodriguez Gabriel A $3,972 Orange Coast Title
Rodriguez Gabriel A $3,972 Orange Coast Title
Rodriguez Gabriel A $3,972 Orange Coast Title
Rodriguez Gabriel A $26,363 Orange Coast Title
Rodriguez Gabriel A $26,900 Orange Coast Title
Rodriguez Gabriel A $24,500 Orange Coast Title
Rodriguez Gabriel A $12,500 Orange Coast Title
Benson Ronald W -- Orange Coast Title
Wahlgren Roy $186,932 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sola Impact Fund Ii Lp $762,000
Open Sola Impact Fund Ii Lp $1,257,000
Closed Sola Impact Fund Ii Lp $630,000
Closed Sola Impact Fund Ii Lp $988,500
Closed Sola Impact Fund Ii Lp $611,250
Previous Owner Sola Impact Fund Ii Lp $611,250
Previous Owner Rodriguez Gabriel A $450,000
Previous Owner Rodriguez Gabriel A $225,000
Previous Owner Rodriguez Gabriel A $215,000
Previous Owner Rodriguez Gabriel A $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2018 02/19/18 Sold $815,000 0.0% $316 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $815,000 -- $316 / 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 $11,911 $927,325 $654,249 $273,076
2024 $11,911 $909,143 $641,421 $267,722
2023 $11,694 $891,318 $628,845 $262,473
2022 $11,182 $873,842 $616,515 $257,327
2021 $11,046 $856,709 $604,427 $252,282
2020 $11,161 $847,926 $598,230 $249,696
2019 $10,746 $831,300 $586,500 $244,800
2018 $4,555 $309,509 $185,414 $124,095
2016 $4,311 $297,492 $178,215 $119,277
2015 $4,258 $293,025 $175,539 $117,486
2014 $4,305 $287,286 $172,101 $115,185
Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2018

    Kristopher German

    RE/MAX

    (909) 645-0443

    3 in this area

    118 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17249317

California Regional Multiple Listing Service (CRMLS)

APN: 5189-006-021

California Los Angeles County Los Angeles 90023

933 S Soto St, Los Angeles, CA

This home is located at 933 S Soto St, Los Angeles, CA 90023 since 02 November 2017 and is currently estimated at $1,235,570, approximately $478 per square foot. This property was built in 1940. 933 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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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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