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Backup Offers

959 S Soto St, Los Angeles, CA, 90023

$1,100,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
6 Baths
4,180 SqFt
$263/SqFt
House
Schools Nearby

Location

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959 S Soto St, Los Angeles$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDetached Carport
Year Built1962
HeatingWall Furnace
MLS #24348655
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 959 S Soto St

This is an attractive investment opportunity at 959 South Soto St, a 6-unit apartment building in Boyle Heights. Located close to the East Los Angeles Interchange, between 7th Street and Whittier Boulevard, the property has a greatmix of two-bedroom units and provides six parking spaces at the rare. Fully occupied upon delivery, investors can take advantage of a strong existing cash flow and a remarkable 33% rental upside during unit turnovers. Directly across from Salesian High School and close to various retail amenities along South Soto St, the property achieves a high Walk Score of 85. Easy access to major freeways like the 60, 5, 10, and 710 ensures a seamless commute to Downtown Los Angeles and the San Gabriel Valley. Positioned on the bustling main thoroughfare of Whittier Blvd, this Boyle Heights neighborhood is undergoing rapid gentrification, presenting a prime investment opportunity in a thriving and well-connected community.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 0
  • Living Area: 4,180 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached Carport

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • School of Communications, New Media and Technology at Roosevelt High School, Public District Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hollenbeck Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Soto Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: The apartment building is in Boyle Heights located just off of the East Los Angeles Interchange between 7th Street and Whittier Boulevard.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $263/SqFt

Tax Information:

  • Annual Amount: $8,418
  • 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

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

959 S Soto St vs Los Angeles

135 DAYS ON ROCKET

+101 Days

$1,100,000

+$113.5K More

$263/SqFt

-$369 Less

KEY TAKEAWAY

This property is $113.5K more than the Median Sold Price and $369/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24348655

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

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: 6/1/2024, 12:20:38 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

Jun 29, 2012Home Sold
$545,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,418$632,411
2020$8,187$625,928
2019$8,094$613,656
2018$7,886$601,625
2017$7,886$589,829

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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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.

Elementary School

school-card-donut-5927044
4
/10

  • Soto Street Elementary School

  • 1020 S Soto St

  • 0.09 miles

  • Public District Grades KG-6

school-card-donut-5927045
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.18 miles

  • Public Magnet Grades KG-6

school-card-donut-5927046
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.42 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-5927047
5
/10

  • Hollenbeck Middle School

  • 2510 E 6th St

  • 0.36 miles

  • Public Magnet Grades 6-8

school-card-donut-5927048
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.08 miles

  • Public District Grades 6-8

High School

school-card-donut-5927049
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 0.42 miles

  • Public Magnet Grades 9-12

school-card-donut-5927050
5
/10

  • School of Communications, New Media and Technology at Roosevelt High School

  • 456 S Mathews St

  • 0.42 miles

  • Public District Grades 9-12

school-card-donut-5927051
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.65 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,190. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 959 S Soto St

What is the listing price of this property?

The listing price of 959 S Soto St property is $1,100,000.

What type of property is this?

The property 959 S Soto St is a house located in Los Angeles, California, 90023.

Is this property for sale now?

Accepting Backup Offers: 959 S Soto St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 959 S Soto St are:
Soto Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Hollenbeck Middle School: GreatSchools Rating 5/10
Studio: GreatSchools Rating 4/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
School of Communications, New Media and Technology at Roosevelt High School: GreatSchools Rating 5/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,418 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 29, 2012 for $545,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 959 S Soto St has 12 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 959 S Soto St is 4,180 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 959 S Soto St is 1962.

Rocket Homes›California›Los Angeles County›Los Angeles›90023›959 S Soto St

This home is located at 959 S Soto St in Los Angeles, CA and zip code 90023 in the Boyle Heights neighborhood. This 4,180 square foot home, which was built in 1962, sits on a 0.15 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $1,100,000.

In April 2024 more than 701 listings in Los Angeles, CA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 629 were sold below. In April 2024 in Los Angeles, CA there were 14.9% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

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

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