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

702 S Soto, Los Angeles, California 90023 home-pic-0
ACTIVE$975,000
702 S Soto, Los Angeles, California 90023
0Bed
0Bath
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
SR25259533
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 - undefined(50th), baths - undefined(50th).

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 the original build year of 1905, the property has been 'completely updated in 2025 with no deferred maintenance,' as stated in the description. The images confirm a full renovation, showcasing brand-new kitchens with modern white shaker cabinets, stainless steel appliances, quartz countertops, and contemporary lighting. Bathrooms feature new vanities, black fixtures, and updated tiling. New vinyl flooring is present throughout, and all components appear virtually new, meeting current quality standards. This extensive and recent renovation aligns perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Strong Income Potential: The property offers significant income potential with an estimated $8,500/month total rent and an attractive 8.2% cap rate, ideal for investors or owner-occupants.
Full Renovation & Turnkey Condition: Completely updated in 2025 with no deferred maintenance, featuring brand-new kitchens, upgraded bathrooms, new flooring, and designer lighting, offering a truly turnkey solution.
Spacious & Modern Units: Each unit boasts a spacious 3 bed / 3 bath layout with modern amenities like quartz countertops and walk-in showers, appealing to a wide range of tenants.
Prime Urban Location: Strategically located near the Arts District and DTLA, offering excellent access to schools, major freeways (5, 10, 60), and public transit, enhancing desirability and rental demand.
Duplex Flexibility: The duplex configuration provides flexibility for an owner-occupant to live in one unit and rent out the other, or for an investor to maximize rental income from both units.

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 Original Structure: Despite extensive renovations, the original structure dates back to 1905, which could imply potential underlying issues not explicitly covered by cosmetic updates.
Limited Lot Size: The lot size of approximately 4,673 sq ft for a duplex may be considered modest, potentially limiting outdoor space or future expansion opportunities.
Lack of Explicit Parking Details: The property description does not explicitly mention dedicated parking facilities, which can be a significant concern for tenants and owners in a dense urban area like Los Angeles.

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