659 S Soto ST Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90023
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Hollenbeck Park Heights Tract
MLS Listing ID 24427139
HOA Y/N No
Lot Size 4,403 Sqft
Lot Dimensions Assessor
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 Boyh - Boyle Heights
Zoning LAC1
Interior
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).
Fireplace No
Exterior
View Y/N Yes
View City Lights,Mountain(s)
Building
Lot Description Rectangular Lot,Flat
Sewer Other
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5183025037
Special Listing Condition Standard