659 South Soto Street

Los Angeles, CA 90023

$1,095,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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 11 residential units / 6,601.8 buildable sq. ft. at market...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!
  1. Listed by George Abraham • DRE #02190556 • Brokerage DRE #01878277 • eXp Realty of California Inc

Property Details for 659 South Soto Street

Parking Spaces Total
0
Lot Size Source
Survey
Building Area Total
0
Stories Total
0
Association Fee
$.00
Zoning
LAC1
Parcel Number
5183025037
Area
Boyle Heights (BOYH)

Location

Listing Courtesy of eXp Realty of California Inc, George Abraham, DRE #02190556
Add your commute
LISTING UPDATED: 01/16/2024 02:10 AM

Property Details for 659 South Soto Street

StatusActive
MLS #23342127
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeCommercial Sale
Year Built-
Lot Size0.10 AC / 4,404 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, George Abraham, DRE #02190556
Add your commute

Building Information for 659 South Soto Street

Stories-Residences-Year Built-Lot Size0.10 AC / 4,404 SF

Payment Calculator

$6,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,976

Property Taxes

$408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 659 South Soto Street

Property / Structure Info
Exterior Features
  • Security Features: Gated Community
Land/Lot Info
  • Lot Features: Level with Street, Rectangular Lot
  • Land Use: Multi-Family, Retail
  • Utilities: Underground Utilities
Property / Structure Info
  • Asset Class: Land/Unimproved, Multi-Family, Retail

Property History for 659 South Soto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 659 South Soto Street

Taxable ValueLand$393,271Additions-Total$393,271
Tax Record2023$4,894 ($408 / month)
Home Facts
Beds2Total Finished SqFt1,238 SqFtAbove Grade Finished SqFt1,238 SqFtLot Size4,401 SqFtStyleSingle Family ResidenceYear Built1907ZoningLAC1CountyLOS ANGELESAPN5183-025-037

Schools near 659 South Soto Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Soto Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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659 South Soto Street is for sale in Los Angeles, CA 90023. This property was listed for sale on January 15, 2024 by eXp Realty of California Inc, it's currently listed at $1,095,000. It has been on the market for a total of 108 days and was last sold on May 7, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Soto Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 659 South Soto Street is a 0-bed, 0-bath, .

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, George Abraham, DRE #02190556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.