Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1308 Soto St Los Angeles, CA 90023-2617

    • Banks
    • 5,917 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2023
    $3,250,032
    Value Estimations
    $3,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7894183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 1308 Soto St

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    0.65 lot acres
    Property size
    5,917 SF
    Zone code
    LAC2
    Property type
    Banks
    APN
    5170-018-015
    APU
    5170018015

    Description

    This exceptional commercial property, located at 1308 S Soto St, Los Angeles, CA 90023, presents a rare opportunity for ground lease or build-to-suit development. The site boasts a substantial 28,130 square feet of land, ideally suited for a drive-thru restaurant or similar retail establishment. Its strategic location at the Northeast corner of S Soto St and Hostetter St offers unparalleled accessibility and visibility. The property is situated within one block of the major freeway interchange connecting the 101, 60, 5, and 10 Freeways, ensuring high traffic volume and convenient access for customers. This single-tenancy property in Los Angeles County is classified as Retail, Land, and Restaurant, making it a versatile option for various commercial ventures. The property's prime location and significant land area make it an attractive investment for developers seeking a high-impact commercial project in a densely populated and highly trafficked area of Los Angeles. This is a unique chance to capitalize on the strong demand for commercial real estate in this thriving market. The property's zoning and potential uses should be verified independently.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,795,000

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $3,195,000
      Current use
      RESTAURANT
      $4,865,000
      Change: +52% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,215,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $2,970,000
      Change: -7% Conversion: Difficult
      MEDICAL BUILDING
      $2,695,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.219
    Latitude
    34.0257
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,203
    $3,315,000
    $0.00
    $3,315,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,820 SF

      3475 Whittier Blvd

      FINANCIAL BUILDING • 6,820 SF
      3475 Whittier Blvd, Los Angeles, CA 90023-1707
      View Details
    • Value Estimation by Request
      6,000 SF

      3800 Whittier Blvd

      FINANCIAL BUILDING • 6,000 SF
      3800 Whittier Blvd, Los Angeles, CA 90023-2402
      View Details
    • Value Estimation by Request
      5,548 SF

      1350 Soto St

      FINANCIAL BUILDING • 5,548 SF
      1350 Soto St, Los Angeles, CA 90023-2633
      View Details
    • Value Estimation
      $3,105,000
      20,102 SF

      3425 Whittier Blvd

      GROCERY, SUPERMARKET • 20,102 SF
      3425 Whittier Blvd, Los Angeles, CA 90023-1707
      View Details
    • Value Estimation
      $1,280,000
      4,040 SF

      1326 Boyle Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,040 SF
      1326 Boyle Ave, Los Angeles, CA 90023-2604
      View Details
    • Value Estimation
      $910,000
      3,050 SF

      938 Lorena St

      RETAIL STORES (PERSONAL SERVICES) • 3,050 SF
      938 Lorena St, Los Angeles, CA 90023-2225
      View Details

    Similar Nearby for Sale

    • $7,950,000
      20,500 SF

      Retail Building For Sale

      Freestanding retail building with 20,500 square feet of space.
      2500 W 7Th St, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      3,620 SF

      Retail Building with Residential Income

      Retail building with apartment and single-family residential income.
      900 N Soto St, Los Angeles, CA 90023
      View Details
    • $1,499,000
      4,382 SF

      Los Angeles Commercial Property For Sale

      Free-standing commercial building in a dynamic Los Angeles neighborhood.
      2655 Short St, Los Angeles, CA 90023
      View Details
    • $850,000
      2,968 SF

      Mixed-Use Property on Whittier Boulevard

      Rare cash-flowing mixed-use property in booming East Los Angeles.
      4122 Whittier Blvd, Los Angeles, CA 90023
      View Details
    • $950,000
      2,256 SF

      Corner Lot Mixed-Use Property

      Mixed-use property with store and apartments in Los Angeles.
      601 S Record Ave, Los Angeles, CA 90023
      View Details
    • $1,200,000
      5,410 SF

      Boyle Heights Industrial Corner Property

      5,410 SF building in Boyle Heights industrial area.
      3109 E 11Th St, Los Angeles, CA 90023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      602 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      3476 Whittier Blvd, Los Angeles, CA 90023
      View Details
    • $4,500 /Mo

      Retail Space on Whittier Blvd

      Retail space for rent in a great location.
      4114 Whittier Blvd, East Los Angeles, CA 90023
      View Details
    • $15 SF/Yr
      4,318 SF

      Olympic Blvd Warehouse Space For Lease

      Large warehouse, ideal for multiple uses.
      3921 Olympic Blvd, Los Angeles, CA 90023
      View Details
    • Contact for pricing
      772 SF

      High-Traffic Retail Space in LA

      Prime Whittier Blvd location, 772 sq ft.
      3357 Whittier Blvd, Los Angeles, CA 90023
      View Details
    • $1.10 SF/Yr
      20,000 SF

      Industrial Warehouse with Secured Yard

      20,000 SF warehouse with dock loading and secured yard.
      1325 Rio Vista Ave, Los Angeles, CA 90023
      View Details
    • $0.88 SF/Yr
      35,028 SF

      Warehouse with Secure Fenced Yard

      Functional warehouse with dock high loading and secure yard.
      3161-3171 E 12Th St, Los Angeles, CA 90023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1308 Soto St
    Los Angeles, CA 90023-2617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.