702 S Soto
Los Angeles, CA, 90023
$965,000
MLS: SR25259370
Beds
6
Baths
5
Sq Ft
2,576
Lot
0.11 ac
Year Built
1905
MLS #
SR25259370
Days on Market
160
Listed
Nov 12, 2025
Description
PRICE IMPROVEMENT – NOW $965,000 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.
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: Darrick Morgan · HomeSmart Evergreen Realty
Payment estimate
$7,003
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $96,500 · Loan: $868,500
- Principal & Interest
- $5,336
- Property tax (1.25%)
- $1,005
- Homeowners insurance
- $300
- Mortgage insurance
- $362
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $33,775 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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