$1,095,000
659 Soto Street, Los Angeles 90023
4,404
Lot Size
Listing Agent
George Abraham - eXp Realty of California IncRTI 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!
Facts & Features
| MLS® # | 24342585 |
|---|---|
| Price | $1,095,000 |
| Bathrooms | 0.00 |
| Lot Size | 4,404 |
| Type | Land |
| Status | Active |
Community Information
| Address | 659 Soto Street |
|---|---|
| Area | BOYH - Boyle Heights |
| Subdivision | HOLLENBECK PARK HEIGHTS TRACT |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90023 |
Amenities
| View | City Lights, Mountain(s) |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Rectangular Lot, Flat |
|---|
School Information
| District | Los Angeles Unified |
|---|
Additional Information
| Date Listed | January 15th, 2024 |
|---|---|
| Days on Market | 105 |
| Zoning | LAC1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | George Abraham |
|---|---|
| Office | eXp Realty of California Inc |