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702 S Soto, Los Angeles, California 90023, Los Angeles, 90023 - 6 bed, 5 bath

702 S Soto, Los Angeles, California 90023 home-pic-0
ACTIVE$975,000
702 S Soto, Los Angeles, California 90023
6Beds
5Baths
2,576Sqft
4,673Lot
Year Built
1905
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
SR25259370
Home ConditionExcellent
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 4 Cons,5 Pros. Rank: price - $975.0K(77th), sqft - 2576(69th), beds - 6(92th), baths - 5(92th).

Experience modern living and strong income potential in this fully renovated Boyle Heights duplex, featuring two spacious 3 bed / 3 bath units and over 2,500 sq ft of total living space. Upper Unit home offers a brand-new kitchen with quartz countertops and sleek cabinetry, upgraded bathrooms with walk-in showers, new vinyl flooring, designer lighting, and a private balcony off the master suite. Completely updated in 2025 with no deferred maintenance. Estimated market rent = $4,250 per unit ($8,500/month total) = $102K annual gross income ˜ 8.2 % cap rate! Perfect for an owner-occupant (live in one, rent the other) or investor seeking turnkey cash flow near the Arts District and DTLA. Zoned R2, lot ˜ 4,673 sq ft. Close to schools, freeways (5, 10, 60), and public transit.

Price History

Date
Event
Price
11/12/25
Listing
$975,000
04/30/25
Sold
$825,000
08/12/19
Sold
$634,000
04/03/13
Sold
$254,000
Condition Rating
Excellent
Despite being built in 1905, this property has undergone a complete and extensive renovation, stated to be updated in 2025 with no deferred maintenance. The images confirm brand-new kitchens with modern white cabinetry, quartz countertops, stainless steel appliances, and designer pendant lighting. Bathrooms feature new vanities, modern black fixtures, and updated flooring. New vinyl plank flooring is present throughout the living areas, and all components appear virtually new, meeting current quality standards. This comprehensive update aligns perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Turnkey & Recent Renovation: The property has been fully renovated and completely updated in 2025 with no deferred maintenance, featuring brand-new kitchens with quartz countertops, upgraded bathrooms, new vinyl flooring, and designer lighting, offering a modern, move-in ready experience.
Strong Income Potential: With estimated market rents of $4,250 per unit ($8,500/month total) and an attractive 8.2% cap rate, this duplex offers significant cash flow for investors.
Versatile Occupancy: The property is ideal for both owner-occupants (live in one unit, rent the other) and investors, appealing to a broad range of buyers seeking income-generating opportunities.
Prime Location & Accessibility: Located near the vibrant Arts District and Downtown LA, with excellent proximity to schools, major freeways (5, 10, 60), and public transit, enhancing its desirability and rental appeal.
Spacious & Modern Units: Each unit offers a spacious 3 bed / 3 bath layout, providing ample living space with modern finishes, including walk-in showers and a private balcony off the master suite in the upper unit.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-04-30. The sold price is $825,000.00.
Age of Structure: Despite extensive renovations, the property was originally built in 1905, which may imply older underlying structural components or systems that could require long-term maintenance considerations.
Limited Parking Information: The property description does not specify dedicated parking availability (e.g., garage, driveway), which can be a significant drawback for a multi-unit property in a dense urban area like Los Angeles.
Lack of Private Outdoor Space: Beyond a private balcony for the upper unit, there is no mention of a yard or common outdoor space, which can be a desirable amenity for tenants, especially in a duplex.

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