702 S Soto, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Turnkey Duplex Asset is listed at $965,000, aligning perfectly with its $965,000 Fair Market Value. Boasting an Excellent Condition Rating, the property features two fully remodeled units with modern kitchens, updated bathrooms, and a balcony with city views. With one unit capable of generating $3,500+ per month in rental income, this property offers a strategic opportunity to significantly offset mortgage costs. Located minutes from Downtown Los Angeles, it combines high rental demand with premium finishes. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready, income-generating sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 S Soto Subject | $965,000* List Price | 0 | 0 | 2,576 | $375 | - |
A 932 S Mott Street Sold | $789,000 | 0 | 0 | 1,660 | $475 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1905 original construction, the property has undergone an extensive and high-quality recent renovation that brings it up to modern standards. The kitchens are fully updated with contemporary cabinetry, stone-look countertops, and stainless steel appliances. Bathrooms feature modern marble-patterned tile surrounds, glass-enclosed showers, and trendy black hardware. The inclusion of new LVP flooring, updated LED light fixtures, double-pane windows, and fresh paint throughout indicates a complete overhaul within the last 5 years, leaving no visible deferred maintenance.
As a fully remodeled duplex, this property offers a turnkey opportunity for owner-users to live in one unit while generating significant rental income—estimated at $3,500+ per month—to offset mortgage costs.
The residence features high-end finishes including modern kitchens, updated bathrooms, double-pane windows, and upgraded flooring, providing a contemporary living experience within a historic structure.
Situated in the heart of Boyle Heights, the property boasts exceptional proximity to Downtown Los Angeles, the Arts District, and major transit hubs like Union Station, ensuring high tenant demand.
The property was recently sold within the past year on 2025-04-30. The sold price is $825,000.00.
Originally constructed in 1905, the property may present underlying maintenance challenges or structural quirks common to century-old buildings that even a full remodel might not entirely eliminate.
With 154 days on the market and a notable discrepancy between the listed price and the marketing description, the property may face buyer hesitation regarding its true market valuation.
PRICE IMPROVEMENT – NOW $665,000! Excellent opportunity to own a fully remodeled duplex in the heart of Boyle Heights, just minutes from Downtown Los Angeles, the Arts District, Union Station, and major freeways. Perfect for owner-users, FHA buyers, or investors, this property offers the ability to live in one unit while generating strong rental income from the other. Property Features: Fully remodeled units with modern kitchens and updated bathrooms Spacious layouts with high ceilings and upgraded flooring Private backyard space and outdoor areas Balcony off the master bedroom with city views Washer and dryer included Double-pane windows and updated finishes throughout Income Potential: One unit can generate approx. $3,500+ per month Ideal setup to significantly offset your monthly mortgage payment Prime location near Downtown LA, 6th Street Bridge, Dodger Stadium, Metro lines, and local shops/restaurants — making it highly desirable for both owners and tenants. Perfect opportunity to build equity while reducing your cost of living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,576 | 1,828 | 69% |
| Lot Size | 4,673 | 5,983 | 31% |
| Price | $965.0K | $710.9K | 92% |
| Price per sq ft | $375 | $375 | 50% |
| Built year | 1905 | 1922 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 180 | 38% |
Apr 2, 2026
$965,000
$975,000
-1% Price Drop
Initial Listing
Nov 12, 2025
$975,000
Initial Listing
Apr 30, 2025
$825,000
Public Record
Aug 12, 2019
$634,000
Public Record
Apr 3, 2013
$254,000
Public Record