659 S Soto Street Los Angeles, CA ^$ 1,095,000

659 S Soto Street

^$ 1,095,000

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659 S Soto Street

Los Angeles, CA, 90023

^$ 1,095,000

Studio Baths0.0

Monthly Estimate*

^$ 7,649

Listed by eXp Realty of California Inc

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659 S Soto Street, Los Angeles, CA 90023 - Image 9

659 S Soto Street, Los Angeles, CA 90023 - Image 10

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659 S Soto Street, Los Angeles, CA 90023 - Image 12

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Studio

Commercial Property for sale in Los Angeles, CA

for $1,095,000. The lot size is 0.1011.

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!

Commercial Active

Price

^$ 1,095,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.1011

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23342127

Days on Market

105

Features

General

Utilities UndergroundUtilities

Zoning LAC1

HOA 0.0

Security Features GatedCommunity

Community Features Gated

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

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

City Los Angeles

Disclosures MethaneGas

View Y/N N

Senior Community Y/N N

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 4404.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Soto

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 4

Standard Status Active

Exterior

Lot Features RectangularLot StreetLevel

Total Parking 0.0

Lot Size Area 4404.0

Spa N

Building Area Total 0.0

Lot Size Acres 0.1011

Lot Size Units SquareFeet

Lot Size Source Survey

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 659

* Excluded Features

List By

Exp Realty Of California Inc

Broker

(909) 645-1536

Phone

Affordability Calculator

$7,649

Per Month

Monthly Principal & Interest: $7,649
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,169,774

Percent of Sale Price 98%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/16/2024	$1,095,000		Listed Price

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659 S Soto Street, Los Angeles, CA, 90023 is a Commercial Property for sale at $1,095,000 with a lot size of 0.1011. 659 S Soto Street is a studio with 0.0 baths. The property's zip code is 90023 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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659 S Soto Street

Commercial Property for sale in Los Angeles, CA

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