659 S Soto Street, Los Angeles, CA 90023

  • $1,095,000
  • $249
659 S Soto Street, Los Angeles, CA 90023
For Sale
659 S Soto Street, Los Angeles, CA 90023
  • $1,095,000
  • $249

Overview

Property ID: SGR-22088775
  • Land
  • Property Type

Description

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!

  • Address 659 S Soto Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90023
  • Area BOYH - Boyle Heights
  • Country United States

Details

Updated on January 23, 2024 at 1:59 pm
  • Property ID: SGR-22088775
  • Price: $1,095,000
  • Land Area: 4404.00 m²
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 24342585
  • Office Name: EXP REALTY OF CALIFORNIA INC
  • Agent Name: George Abraham
  • MLS Status: Active
  • Agent State License: 02190556

Additional details

  • View: City Lights,Mountain(s)
  • Sewer: Other,Sewer Paid
  • County: Los Angeles
  • Parking: 0.00
  • Water Source: Public

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