No SB 8 requirement = build market rate units (lot has been vacant for over 6 years) and ZI 2452 exemption to parking. In addition, this is an ED1 qualifying lot with density bonus = developer can build an unlimited number of units within 21,181 sq. ft. (3:1 FAR) and a 78 feet height restriction. ED1 also includes CEQA exemption and a 6 month streamlined application process. For non-profit developers, this property is located in a QCT (qualified census tract). FLAT LOT.
Property Details
Price:
$739,000
MLS #:
24446487
Status:
Active
Baths:
0
Address:
457 S Soto Street 5183015029
Type:
Land
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Sep 29, 2024
State:
CA
ZIP:
90033
Lot Size:
7,059 sqft / 0.16 acres (approx)
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- Address457 S Soto Street 5183015029 Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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457 S Soto Street 5183015029
Los Angeles, CA
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