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659 S Soto St, Los Angeles, CA, 90023
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659 S Soto St Los Angeles, CA, 90023

$1,095,000 Land for sale 0.10 acres

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!
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Property details

4,404 sqft interior area
View
City Lights, Mountain(s)
Land area
4,404 sqft (0.10 acres)
Price per sqft
$248/sqft
Days on Verhouse
126
Address
659 S Soto St, Los Angeles, CA, 90023
City of California
Los Angeles
County
Los Angeles
District
Listing
Zoning
LAC1

Open Houses

No upcoming open houses

Listed by

George Abraham, eXp Realty of California Inc
Name
George Abraham
License number
02190556
Brokerage company
eXp Realty of California Inc
MLS #
CL24342585

Payment calculator

Calculate your monthly payments
Mortgage
$3,362
Taxes
$0
HOA dues
$0
$3,362 per month
Mortgage
$219,000 / 20%
2.28%
30 years
Your amount $3,362 / month

Lot details

TMK #5183025037
Parcel #
5183025037

90023 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 90023

39%
Families with children
National average: 39%
52%
Non family households
514,875
Population
$59,492
Average Income

Age & gender

Median age 35 years
More info

Commute types

60% commute by car
More info

Education level

38% have not graduated education
More info

Number of employees

1% work in manufacturing
More info

Vehicles available

41% have 1 vehicle
More info

Vehicles by gender

41% have 1 vehicle
More info

Housing market insights for

$748.67k
Neighborhood average
sales price*
$668k
Neighborhood median
sales price*
304
Number
of sales*

Housing type

49% are apartments
More info

Rooms

31% of the houses have 4 or 5 rooms
More info

Bedrooms

41% have 2 or 3 bedrooms
More info

Owners vs Renters

83% are renters
More info
16.67 / 20
Most Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Utilities

Other Water/Sewer
Utilities
Other Water/Sewer

Location Details, Documents & Disclosures

Directions to property
From downtown LA, take 101 Sout

Price history

New Listing Jan 15, 2024
Date Event Price $/sqft Source
Jan 15, 2024 New Listing $1,095,000 248.64 MLS #CL24342585
Jan 15, 2024 New Listing $1,095,000 0 MLS #CL23342127

Agent viewpoints of 659 S Soto St, Los Angeles, CA, 90023

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Frequently Asked Questions about 659 S Soto St

What is 659 S Soto St?

659 S Soto St is a lot of 0.10 acres (about is 4,404 sqft).

What is the full address of this Land?

659 S Soto St, Los Angeles, CA, 90023.

Tell me about the point of interest nearby

The closest grocery stores are El Super, 1.37 miles away and Little Tokyo Market Place, 1.52 miles away.

Based on information from the bridgeMLS as of 05-20-2024. 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.

Listing last updated on: Jan 23, 2024
Verhouse Last checked 1 minute ago


The closest grocery stores are El Super, 1.37 miles away and Little Tokyo Market Place, 1.52 miles away.
The 90023 zip area has a population of 514,875, and 39% of the families have children. The median age is 35.09 years and 60% commute by car. The most popular housing type is "apartment" and 83% is renter.
Land For sale $1.1m 659 S Soto St, Los Angeles, CA, 90023 0.10 acres Save House Remove from Saved