659 S Soto Street
Los Angeles, CA 90023
- – beds
- – baths
- – sqft
- 4,404 sqft lot
- – on site
More homes
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!
Last checked:
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Last updated Nov 15, 2024
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MLS# 24427139 —
The Building
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New Construction:No
Financial & Terms
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Disclosures:Methane Gas
Location
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Directions:From downtown LA, take 101 South, take exit 1A for 7th St, turn left onto E 7th St, turn left onto S Soto St
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Latitude:34.03603000
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Longitude:-118.21491200
The Property
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Property Type:Land
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Zoning:LAC1
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Topography:Flat
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Lot Features:Rectangular Lot
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Lot Size Area:4404.0000
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Lot Size Dimensions:40 x 110
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Lot Size Acres:0.1011
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Lot Size SqFt:4404.00
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Lot Size Source:Survey
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Lot Dimensions Source:Assessor
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View:1
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View:City Lights, Mountain(s)
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Exclusions:RTI plans have been approved, but not "pulled", and are approximately $33,000 in total (school developer fees will be partially reimbursable due to demolition exemption). Buyer to verify.
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5183025037
Utilities
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Sewer:Other
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Water Source:Public
The Community
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Subdivision:HOLLENBECK PARK HEIGHTS TRACT
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Subdivision:HOLLENBECK PARK HEIGHTS TRACT
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Senior Community:No
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Inclusions:A new sewer line (6" diameter) was installed from the property to the sewer in 2022 and the property is currently vested in a LLC, which the buyer may request to have included with the purchase (to save the buyer the time and cost of incorporating).
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Association:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/13/24
Nov 13, 2024
|
BRIDGE | $800,000 | -5.9% | |
|
9/7/24
Sep 7, 2024
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BRIDGE | $850,000 | ||
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9/7/24
Sep 7, 2024
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Sold Subject To Contingencies | CRMLS_CA | $850,000 |
