659 Soto Street

Los Angeles, CA 90023

$1,095,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $248 / sqft

calendar_month Built

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 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!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 659 Soto Street
City Los Angeles
State CA
Zip 90023
County Los Angeles
Listing Agent George Abraham DRE#02190556
Courtesy Of eXp Realty of California Inc
MLS 24342585
List Price $1,095,000
Status Active
Type Land
Structure Size N/A
Lot Size 4,404
DOM 8

Exterior Information

Maps

Listing information courtesy of: George Abraham, eXp Realty of California Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 23rd, 2024 at 5:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.