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 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!
Property Details
Price:
$800,000
MLS #:
24427139
Status:
Pending
Baths:
0
Address:
659 S Soto Street 5183025037
Type:
Land
Subdivision:
HOLLENBECK PARK HEIGHTS TRACT
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Aug 13, 2024
State:
CA
ZIP:
90023
Lot Size:
4,404 sqft / 0.10 acres (approx)
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- Address659 S Soto Street 5183025037 Los Angeles CA
- AreaBOYH – Boyle Heights
- SubdivisionHOLLENBECK PARK HEIGHTS TRACT
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
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659 S Soto Street 5183025037
Los Angeles, CA
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