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Map
$1,095,000
●
Land -
For Sale
659 S Soto St
Los Angeles, CA 90023
Studio
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
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
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
7
Beds
5
Baths
3,465 ft²
$332/ft²
$1,150,000
Oct 26, 2023
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-
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