Check Availability
$1,095,000
Land - For Sale

659 S Soto St

Los Angeles, CA 90023
bedrooms
Studio
bathrooms
0 Bath
$5,377
Estimated Monthly
$0
HOA / Fees

About This Property

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!
Unit Size
-
Days on Market
110 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1907
Listed By
George Abraham
eXp Realty of California Inc
Last updated: 4 months ago (CLAWCA #342585)

Price History

Date / Event Date Event Price
Jan 15, 2024 Listed by eXp Realty $1,095,000
Listed by eXp Realty
Oct 6, 2021 No longer available -
No longer available
May 5, 2021 Sold $327,500
Sold
Apr 24, 2020 In contract -
In contract
Mar 13, 2020 Listed $369,000
Listed
Probate court date is January 19, 2021 at 8:30am. The courts are currently utilizing LA Connect for court appearances. You can access here: https://my.lacourt.org/laccwelcome. Attached to the Docs section of this listing is the notice of the hearing with all relevant information. 50% of the property is going through probate. The other 50% is owned outright by the same person that is inheriting it. Attorney said the winning bidder will have to pay $137,500 for the other 50% which is not…
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Property Highlights

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,401
  • Total Building Area: 1,238
  • Building Area: 1,238
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,238
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOLLENBECK PARK HEIGHTS TR
  • Land Acres: 0.101
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HOLLENBECK PARK HEIGHTS TRACT EX OF ST LOT/SEC 37

Ownership

  • Current Owner : 659 S SOTO STREET LLC
  • Previous Owner : BAGNYUK MARTIN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 204600

Zoning

  • Zoning: LAC1

Geography

  • Assessors Map Reference: 45-A4
  • Parcel: 5183-025-037
  • Lot: 37
  • Municipality: EAST /EAST L.A. NO.
  • Latitude: 34.0361
  • Longitude: -118.215

    Address

  • Full Address: 659 S Soto St
  • Address - House Number: 659
  • Street Direction: S
  • Address - Street Name: Soto
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 1300
  • Zip Code: 90023

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,667
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.1995
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 96
  • Final Value: 1,097,861
  • High Value: 1,172,215
  • Low Value: 1,023,508

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $229,000
  • First Open Lien Mortgage Lender: THE GOTTLIEB 1996 FAMILY TRUST
  • First Open Lien Mortgage Recording Date: May 05, 2021
  • First Open Lien Mortgage Loan Amount: $229,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: May 05, 2051
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,271
  • Assessed Land Value: $393,271

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Transaction ID: 11833541380
  • Current Sale Price: $327,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0715034

    Last Sale Mortgage

  • First Mortgage Lender: THE GOTTLIEB 1996 FAMILY TRUST
  • First Mortgage Transaction Date: May 05, 2021
  • First Mortgage Loan Amount: $229,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5 Baths
-
$830,000 Feb 24, 2019
$830,000 Feb 23, 2021
-
House
5 Beds
5 Baths
-
$830,000 Feb 24, 2019
$830,000 Jan 25, 2021
-
Multifamily
7 Beds
5 Baths
3,465 ft²
$332/ft²
$1,150,000 Oct 26, 2023
-
-

About East LA


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Frequently Asked Questions

When was property at 659 South Soto Street built and last sold?
The property at 659 South Soto Street was built in 1907 and last sold on Mar 17, 2021 for $327,500.
How much is this home worth?
The estimated value of the home located at 659 South Soto Street is $1,105,950.
What are some comparable homes to 659 South Soto Street?
Homes that are comparable to 659 South Soto Street include a multifamily property at 2306 East 3rd Street, a house property at 26 Alameda Street, which are both great to check out.

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