Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    206 S Soto St Los Angeles, CA 90033
    Back to Search
    Property profile & analytics

    206 S Soto St Los Angeles, CA 90033

    View on Map
    • Duplexes
    • 2,234 SF
    For Sale
    $850,000
    View Listing →
    Development Opportunity in Boyle Heights For Sale
    $850,000
    2,234 SF

    Development Opportunity in Boyle Heights

    Duplex on a large lot with high-density development potential.

    206 S Soto St, Los Angeles, CA 90033
    View Listing
    Property ID
    US09-8304117
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duplexes

    Property Details for 206 S Soto St

    Year built
    1908
    Property size
    2,234 SF
    Property type
    Duplexes

    Description

    MAJOR PRICE REDUCTION! Exceptional development opportunity—Duplex to be delivered VACANT! This 2,234 sq ft property (1,418 sq ft front house + 816 sq ft rear unit) sits on a 6,751.6 sq ft lot in RD1.5 zoning with TOC Tier 4, offering powerful density potential. Existing Structures • Front House: Vacant Craftsman, 3 bed / 1 bath, full rehab needed • Rear Unit: 1 bed / 1 bath, occupied by a cooperative tenant Development Potential • 4.5 units by right (RD1.5) • Up to 8 units with TOC Tier 4 (80% bonus) With the newly approved Boyle Heights Community Plan Update (April 2023) designating this area for higher-density use, the site is primed for significant upside. Options include: • Retain the front house and replace the rear structure with 2–3 new units • Remove both structures and build up to 8 units under TOC incentives Location Highlights A premier Boyle Heights location—minutes from Downtown LA, the new 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital. This is an outstanding opportunity for owner-users, investors, developers, or builders—ideal for adding ADUs or pursuing a full ground-up multifamily project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.21081
    Latitude
    34.04179

    Comparable in this City

    • $745,000
      1,901 SF

      Los Angeles Duplex For Sale

      Los Angeles duplex with 1901 square feet of living space.
      2103 Michigan Ave, Los Angeles, CA 90033
      View Details
    • New
      $875,000
      3,430 SF

      Duplex in Boyle Heights, Los Angeles

      Well-maintained duplex with significant rental upside in Boyle Heights.
      645 N Cummings St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Boyle Heights Duplex: Investor Opportunity

      Duplex in Boyle Heights with long-term tenants and income.
      2966 E 2Nd St, Los Angeles, CA 90033
      View Details
    • $899,000
      1,618 SF

      Los Angeles Duplex Opportunity

      Two houses on one lot near Pico/Aliso metro station.
      143 S Gless St, Los Angeles, CA 90033
      View Details
    • $999,900
      1,676 SF

      Los Angeles Duplex Investment Opportunity

      Well-maintained Los Angeles duplex with strong income potential.
      2500 E Fairmount St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Boyle Heights Investment Opportunity

      Two-unit property near Downtown Los Angeles with investment potential.
      372 N Chicago St, Los Angeles, CA 90033
      View Details

    Similar Nearby for Sale

    • $745,000
      1,901 SF

      Los Angeles Duplex For Sale

      Los Angeles duplex with 1901 square feet of living space.
      2103 Michigan Ave, Los Angeles, CA 90033
      View Details
    • New
      $875,000
      3,430 SF

      Duplex in Boyle Heights, Los Angeles

      Well-maintained duplex with significant rental upside in Boyle Heights.
      645 N Cummings St, Los Angeles, CA 90033
      View Details
    • $899,000
      1,618 SF

      Los Angeles Duplex Opportunity

      Two houses on one lot near Pico/Aliso metro station.
      143 S Gless St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Boyle Heights Investment Opportunity

      Two-unit property near Downtown Los Angeles with investment potential.
      372 N Chicago St, Los Angeles, CA 90033
      View Details
    • $999,900
      1,676 SF

      Los Angeles Duplex Investment Opportunity

      Well-maintained Los Angeles duplex with strong income potential.
      2500 E Fairmount St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Boyle Heights Duplex: Investor Opportunity

      Duplex in Boyle Heights with long-term tenants and income.
      2966 E 2Nd St, Los Angeles, CA 90033
      View Details

    Similar Nearby for Lease

    • $0.69 SF/Yr
      25,252 SF

      East River Warehouse/Flex/Creative Space

      East River Warehouse/Flex/Creative Space
      1443 East 4th St, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      1,505 SF

      Retail Space for Lease

      Retail space available for lease in Los Angeles.
      1221 W 3Rd St, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Refurbished Industrial Building with Office

      Industrial building with office space near Arts District, Los Angeles.
      500-510 S Anderson St, Los Angeles, CA 90033
      View Details
    • $16,578 /Mo
      22,898 SF

      Warehouse/Flex Space for Sublease

      Sublease opportunity near Arts District with skylights and dock loading.
      331 S Mission Rd, Los Angeles, CA 90033
      View Details
    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces available, ranging from 1,700 to 1,800 SqFt.
      2401 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    • Contact for pricing
      1,475 SF

      Medical/Office Space for Lease

      1475 SF medical/office space available for lease.
      1701 Cesar E Chavez Ave, Los Angeles, CA 90033
      View Details
    View Listing
    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.
    206 S Soto St
    Los Angeles, CA 90033
    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

    Thank You for Inquiry
    206 S Soto St, Los Angeles, CA, 90033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!