659 Soto Street, Los Angeles, CA

$800,000

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0.10

Acres

About 659 Soto Street

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 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!

Features of 659 Soto Street

MLS® # 24427139
Price $800,000
Bathrooms 0.00
Acres 0.10
Type Land
Status Pending

Community Information

Address 659 Soto Street
Area BOYH - Boyle Heights
Subdivision HOLLENBECK PARK HEIGHTS TRACT
City Los Angeles
County Los Angeles
State CA
Zip Code 90023

Listing Map

Amenities

View City Lights, Mountain(s)
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Flat, Rectangular Lot

School Information

District Los Angeles Unified

Additional Information

Date Listed August 13th, 2024
Days on Market 24
Zoning LAC1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentGeorge Abraham
OfficeeXp Realty of California Inc

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