$1,100,000
- Beds
- 6
- sq ft
- 2,520
142 N Soto St, Los Angeles, CA 90033
142 N Soto St
Los Angeles, CA 90033
- 28 days on market
Located in the heart of Boyle Heights, 142 N Soto St is a developers dream! Situated on an expansive 8,911 square foot lot, this property boasts ample space for potential expansion or redevelopment. Zoned LAR4 with TOC4 designation, it presents an exciting prospect for investors seeking to maximize its development potential. With 22 units permitted by right, the property unlocks further possibilities with a TOC4 bonus, allowing for up to 40 units. Furthermore, a notable aspect of this property is its commitment to affordability, with the potential to develop up to 55 units dedicated to meeting the community's affordable housing needs. Whether you're looking to capitalize on the existing rental income, explore redevelopment opportunities, or contribute to the community's affordable housing initiatives, 142 N Soto St presents a versatile and promising investment. The rear 2 Bedroom + 1 Bathroom will be delivered vacant at Close of Escrow! DO DISTURB TENANTS! DRIVE BY ONLY!
Details
Property type
Lot size
8,911 sq ft
Price per sq ft
$437
Year built
1923
HOA
No
Price History
06/17/2024
CLAW #24399671
Listed
$1,100,000
06/07/2024
CLAW #24399671
Pending
$1,100,000
06/03/2024
CLAW #24399671
Listed
$1,100,000
Schools & Community
Neighborhood:
Boyle Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 07/01/2024 at 8:10 AM
Listing updated: 06/17/2024 at 10:13 AM
Listed by: Michael R. Fukushima, Keller Williams Downtown LA Phone #: (213) 797-7000
MLS: CLAW #24399671
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