• 659 S Soto Street Los Angeles, CA 90023

  • $1,095,000
  • 0
    Sq Ft
  • 4404
    Sqft
  • Listed By: George Abraham, eXp Realty of California Inc, DRE #02190556
  • Source: CRMLS

RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 11 residential units / 6,601.8 buildable sq. ft. at market rates or up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!

Property Type :

Land

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Land

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Property Details

 

Bathroom Information

Total Baths: 0

Full Baths: 0

Half Baths: 0

Water/Sewer

Water Source : Public

Sewer : Other,Sewer Tap Paid

Lot Details

Lot Dimensions Source: Assessor

Lot Size Acres: 0.1011

Lot Size Dimensions: 40 x 110

Lot Size Source: Survey

Lot Size Square Feet: 4404

Listing Price Information

Original List Price: 1,095,000

Listing Contract Date: 2024-01-15

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5183025037

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: BOYH - Boyle Heights

Postal Code Plus 4: 1300

Directions: From downtown LA, take 101 South, take exit 1A for 7th St, turn left onto E 7th St, turn left onto S Soto St

Zoning: LAC1

Source Property Type: Land

Area: BOYH - Boyle Heights

Building and Construction

Year Built Source: Vendor Enhanced

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ByOwner last updated this listing 05/29/2024 @ 10:37

MLS: 24342585
LISTED BY: George Abraham, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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