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$ 750,000
Est. payment /mo
Pending
206 S Soto Los Angeles, CA 90033
4 Beds
2 Baths
6,754 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR26022151
Bedrooms 4
Lot Size 6,754 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
MAJOR PRICE REDUCTION OF $100,000 - THIS IS AN OPPERTUNITY FOR SERIOUS BUYERS ONLY! Boyle Heights Opportunity: An outstanding opportunity for owner-users, investors, developers, or buildersideal for adding ADUs or pursuing a full ground-up multifamily project. Currently on the property: 2 separate houses and with 2 car garage on the property. Structures at approximately 2,234 square feet. Front Unit is vacant with 3 bedrooms & 1 bath with approx. 1418 square feet Back Unit is tenant occupied with 1 bedroom and 1 bath at approx. 816 square feet and can negotiate to be vacant at escrow closing. Generous lot size of 6,751 square feet and Zoning is RD1.5 BUILERS & DEVELOPERS: Development Potential: 4.5 units by right (RD1.5) Up to 8 units with TOC Tier 4 (80% bonus) With the newly approved Boyle Heights Community Plan Update designating this area for higher-density use, the site is primed for significant upside. Options include: Retain the front house and replace the rear structure with 23 new units or remove both structures and build up to 8 units under TOC incentives. VALUE ADD: Retain the front house and replace the rear structure with 23 new units. LOCATION HIGHLIGHTS: A premier Boyle Heights locationminutes from Downtown LA, the 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital & blocks away from the metro line.
Location
State CA
County Los Angeles
Zoning Assessor
Direction On Soto between 1st Street and 3rd PlACE
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5180004003
Acceptable Financing Cash
Listing Terms Cash
Listed by Verzhine Uzunyan, DRE#00984953 Koenig Properties
Co-listed byEdgar Koenig • Ed Koenig IRE
Co-listed byEdgar Koenig • Ed Koenig IRE
Nearby Locations
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