659 S Soto Street, Los Angeles CA, 90023
(Active)
$1,095,000
|
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MLS# 24342585
Last Updated: 5/3/2024 1:18 PM
Description for
659 S Soto Street
Los Angeles, CA 90023
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!
Price
$1,095,000
HOLLENBECK PARK HEIGHTS TRACT
Los Angeles
24342585
Active
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 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!
Listing Information
| Property Type: Land, Other | ||
| 0.1 Acres | Survey | |
HOLLENBECK PARK HEIGHTS TRACT
Public
Other,Sewer Tap Paid
Neighborhood
School Information
| District: Los Angeles Unified | ||
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Mountain, City
40 x 110
LAC1
Level
Rectangular Lot,Flat
Driving 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
Financial Considerations
| 5183025037 |
New sewer line (6" diameter) was installed from property to the sewer in 2022.
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90023 has a population of 3,956,168.
The median household income in Los Angeles, California 90023 is $44,882. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90023 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/16/2024 | Active | $1,095,000 USD 234.35% |
|
| 5/5/2021 | Sold | $327,500 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $4,894 USD | 4.86% | $393,271 USD | 2.00% |
| 2022 | $4,667 USD | 146.50% | $385,560 USD | 164.08% |
| 2021 | $1,893 USD | -90.89% | $146,002 USD | - |
| 2020 | $20,787 USD | 1,030.96% | $146,002 USD | 1.04% |
| 2019 | $1,838 USD | 1.21% | $144,506 USD | 2.00% |