0.1 Acres of Commercial Land for Sale in Los Angeles, California
659 S Soto St, 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!
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
Property details
- County
- Los Angeles County
- Zoning
- LAC1
- Elevation
- 318 feet
- MLS Number
- CLAW 24-342585
- Date Listed
Parcels
- 5183-025-037
Detailed attributes
Listing
- Type
- Lots And Land
Lot
- Views
- City, Mountain
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Jan 17, 2024 | New listing | $1,095,000 | — | CLAW |