CA > Los Angeles > Hollenbeck Park Heights Tract
Los Angeles, CA 90023,659 S Soto ST
Los Angeles, CA 90023,659 S Soto ST
Los Angeles, CA 90023,659 S Soto ST
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LEON M. BORUNDA

LEON M. BORUNDA

+1(559) 779-6540
$850,000
Est. payment /mo
4,403 Sqft Lot
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UPDATED:

09/30/2024 06:23 PM

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

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California Regional MLS (CRMLS)
Listed by George Abraham • eXp Realty of California Inc

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LEON M. BORUNDA

+1(559) 779-6540

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