702 S Soto, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
702 S Soto
Los Angeles, California 90023
Property Price
SUMMARY
Analysis of 702 S Soto, Los Angeles, California 90023 is currently available with a list price of $975,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1905, the property has been 'completely updated in 2025' with 'no deferred maintenance,' as stated in the description. The images confirm a full, modern renovation, featuring brand-new kitchens with sleek cabinetry, quartz countertops, and stainless steel appliances. Bathrooms are upgraded with walk-in showers, modern black fixtures, and new vanities. New vinyl flooring and designer lighting are present throughout. All components appear new or virtually new, meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
The property is a fully renovated duplex with an estimated market rent of $8,500/month ($102K annual gross income) and an attractive 8.2% cap rate, making it ideal for investors or owner-occupants seeking cash flow.
- Turnkey & Modern Renovation
Completely updated in 2025 with no deferred maintenance, featuring brand-new kitchens with quartz countertops, upgraded bathrooms, new vinyl flooring, and designer lighting, offering modern living spaces.
- Spacious & Well-Appointed Units
Each of the two units offers a generous 3 bedrooms and 3 bathrooms, providing ample space and comfort for residents, including a private balcony off the master suite in the upper unit.
CONSRISKS & DEFICIENCIES
- 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 Construction
Despite extensive renovations, the property's original build year of 1905 may raise concerns about the underlying structural integrity, foundation, or hidden issues not addressed by cosmetic updates.
- Limited Lot Size
The lot size of approximately 4,673 sq ft is relatively small for a duplex in Los Angeles, potentially limiting outdoor space, yard amenities, or future expansion possibilities despite R2 zoning.
About 702 S Soto
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1905
- Lot Size
- 4,673 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,576 | 1,802.5 | 67% |
| Lot Size | 4,673 | 5,544 | 33% |
| Price | $975.0K | $687.5K | 92% |
| Price per sq ft | $378 | $376 | 50% |
| Built year | 1905 | 1917 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 166 | 17% |
Pricing History
Listed for Sale
Nov 12, 2025
$975,000
Initial Listing
Sold
Apr 30, 2025
$825,000
Public Record
Sold
Aug 12, 2019
$634,000
Public Record
Sold
Apr 3, 2013
$254,000
Public Record