2 months on rocket

518 S Soto St, Los Angeles, CA, 90033

$750,000

Home List Price

$8,906*

Closing Credit

0 Baths
Multi

Location

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518 S Soto St, Los Angeles$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1924
MLS #GD24188513
Lot Size0.12 Acres
StatusActive

About 518 S Soto St

Price Reduction !! Seller wants this property SOLD! Triplex Triplex ...Units 518 and 518 1/2: These two attached units each offer two bedrooms and one bathroom. Unit 518 is the larger of the two and boasts several modern updates, enhancing both comfort and style. Unit 518 1/2, while slightly smaller, is exceptionally functional and includes its own private, small fenced backyard—perfect for outdoor relaxation. Detached Unit: Unit 520: This stand-alone unit offers added privacy and its own private back patio. It has been recently updated with a new bathroom and kitchen, and several windows have been replaced to improve energy efficiency and aesthetics. The unit also benefits from gated off-street parking. Additional features of the property include alley access and parking for one car per unit. Recent city inspections have been completed, and the property has passed all required evaluations, ensuring it's ready for future development. This investment offers a mix of updated living spaces and practical features, making it a promising addition to your portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 1

Listing Office:

  • Office Name: Arroyo Seco Realty Corp.
  • Office Phone: (323) 239-5105
  • Listing Agent: Joseph Olvera

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: South on Soto St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000

Tax Information:

  • Annual Amount: $3,679
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

518 S Soto St vs Los Angeles

70 DAYS ON ROCKET

+32 Days

$750,000

-$273.4K Less

KEY TAKEAWAY

This property is $273.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24188513

Listing Office:

  • Office Name: Arroyo Seco Realty Corp.
  • Office Phone: (323) 239-5105
  • Listing Agent: Joseph Olvera

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 30, 2014Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,679$283,128
2020$3,573$280,226
2019$3,505$274,732
2018$3,431$269,346
2017$3,431$264,065

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-227049
3
/10

  • Breed Street Elementary School

  • 2226 E 3rd St

  • 0.26 miles

  • Public District Grades KG-6

school-card-donut-227050
5
/10

  • Puente Charter

  • 501 S Boyle Ave

  • 0.47 miles

  • Public Charter Grades KG-3

school-card-donut-227051
6
/10

  • 2nd Street Elementary School

  • 1942 E 2nd St

  • 0.49 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,188. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90033›518 S Soto St

This home is located at 518 S Soto St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This home, which was built in 1924, sits on a 0.12 acre lot. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $750,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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