Los Angeles, CA 90023,659 S Soto St
Los Angeles, CA 90023,659 S Soto St
Los Angeles, CA 90023,659 S Soto St
$800,000
Est. payment /mo
$800,000
Est.Price: ?

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4,404 Sqft Lot
SOLD DATE : 11/14/2024

Key Details

Sold Price $800,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Hollenbeck Park Heights Tract

MLS Listing ID 24-427139

Sold Date 11/14/24

Lot Size 4,404 Sqft

Acres 0.101

Property 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 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!

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LAC1

Exterior

View Y/N Yes

View City, City Lights, Mountains, Walk Street, Skyline

Building

Lot Description Fenced, Street Lighting, Sidewalks, Lot Shape-Rectangular, Lot-Level/Flat, Alley Paved, Curbs, Single Lot

Sewer In Street, On Site

Water District

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by eXp Realty of California Inc
Bought with Century 21 Allstars

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