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

659 South Soto Street

^$ 1,095,000

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659 South Soto Street

Los Angeles, CA, 90023

^$ 1,095,000

Studio Baths0.0

Monthly Estimate*

^$ 7,649

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Studio

Lots and Land for sale in Los Angeles, CA

for $1,095,000. The lot size is 0.1.

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!

Lots and Land Active

Price

^$ 1,095,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.1

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024342585

Features

General

Sewer Sewer Paid

Zoning LAC1

Exclusions RTI plans have been approved but not pulled . Current RTI plans are estimated to be approximately $31 412 (linkage fee exemption applied per city on July 7 2023). Buyer to verify.

View Mountain(s) City Lights

County Los Angeles

New Construction No

Property Type D

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 4404.0

Street Name Soto

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Lot Features Rectangular Lot

Water Source Public

Inclusions New sewer line (6 diameter) was installed from property to the sewer in 2022.

Lot Size Area 4404.0

Lot Dimensions 40 x 110

Lot Size Acres 0.1

Lot Size Units Square Feet

Lot Size Source Assessor

Land Lease Type Fee

Interior

Street Suffix Street

Total Baths 0

* Excluded Features

List By

George Abraham

Listing Agent

Exp Realty Of California Inc

Broker

Affordability Calculator

$7,649

Per Month

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

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Loan Term

Interest Rate

Yearly Property Taxes

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

Lots and land listings in Los Angeles, CA

Average List Price ^$1,769,039

Percent of Sale Price 62%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/17/2024	$1,095,000		Listed Price

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659 South Soto Street, Los Angeles, CA, 90023 is a Lots and Land for sale at $1,095,000 with a lot size of 0.1. 659 South 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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659 South Soto Street

Lots and Land for sale in Los Angeles, CA

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