518 South Soto Street

Los Angeles, CA 90033

$750,000
Price
5
Beds
1,987 Sq. Ft.
$377 / Sq. Ft.
1,987
Sq. Ft.
$377
per Sq. Ft.

Description

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
...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.
  1. Listed by Joseph Olvera • DRE #01751889 • Brokerage DRE #02246165 • Arroyo Seco Realty Corp. • 323-239-5105

Property Details for 518 South Soto Street

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
1 Common Wall
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 10/14/2024 09:05 AM

Property Details for 518 South Soto Street

StatusActive
MLS #GD24188513
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.12 AC / 5,341 SF
CountyLos Angeles County

Building Information for 518 South Soto Street

Stories1Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,341 SF

Property Information for 518 South Soto Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,394
  • Gross Scheduled Income: $4,394
  • Net Operating Income: $350
Expense Details
  • Operating Expense: $250
  • Gardener Expense: $150
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $400
  • Trash Expense: $60
  • Water Sewer Expense: $60
  • Total Expenses: $670
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 2043.00
  • CFD/Mello-Roos Fee: $373
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,394
  • Unit Type Total Rent: $4,394
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 518 South Soto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 518 South Soto Street

Taxable ValueLand$235,654Additions$64,801Total$300,455
Tax Record2024$3,977 ($331 / month)
Home Facts
Total Finished SqFt1,987 SqFtAbove Grade Finished SqFt1,987 SqFtLot Size5,339 SqFtStyleTriplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN5185-002-015

Schools near 518 South Soto Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Breed Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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518 South Soto Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on September 11, 2024 by Arroyo Seco Realty Corp., it's currently listed at $750,000. It has been on the market for a total of 83 days and was last sold on October 30, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Breed Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 518 South Soto Street is a 5-bed, 0-bath, 1,987 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arroyo Seco Realty Corp., Joseph Olvera, DRE #01751889

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.