Shovel-Ready 4-Unit
659 South Soto Street Los Angeles, CA 90023
659 South Soto Street, Los Angeles, CA, 90023
$1,095,000
For Sale
$1,095,000
RTI-approved permits are in place for a non-rent-controlled, shovel-ready four-unit multifamily development.
Days on Market919
Property Features for 659 South Soto Street
General Information
- Standard status
- Active
Listing agency
eXp Realty of California Inc
(909) 645-1536
Listed by
George Abraham · License #02190556
(909) 645-1536
Source
Compass
Added: Jan 15, 2024 Updated: Jul 21 at 7:14PM Checked: Jul 21 at 7:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
Investment Insights
Based on property information with market context.
RTI-approved permits are in place for a shovel-ready, non-rent-controlled four-unit multifamily development. The proposed plan is described as overlooking the downtown Los Angeles skyline and is positioned for redevelopment in an area undergoing major infrastructure improvements.
Public remarks indicate the project is within close walking proximity to the new 6th Street Bridge and P. A. R. C. currently under construction. On December 12, 2023, the LA City Council adopted the Boyle Heights Community Plan with rezoning amendments that, as described, would allow up to 11 residential units (6,601.8 buildable square feet) at market rates or up to 20 residential units (13,203.6 buildable square feet) with max bonus.
The remarks further state that the new zoning provides an option for mixed-use development, with no restriction on building height, while still allowing up to the same residential unit counts described above.
Public remarks indicate the project is within close walking proximity to the new 6th Street Bridge and P. A. R. C. currently under construction. On December 12, 2023, the LA City Council adopted the Boyle Heights Community Plan with rezoning amendments that, as described, would allow up to 11 residential units (6,601.8 buildable square feet) at market rates or up to 20 residential units (13,203.6 buildable square feet) with max bonus.
The remarks further state that the new zoning provides an option for mixed-use development, with no restriction on building height, while still allowing up to the same residential unit counts described above.
Key Highlights
- RTI‑approved permits for a shovel‑ready 4‑unit multifamily development.
- Project is non‑rent controlled (no low‑income requirement / no SB 8).
- LA City Council adopted the Boyle Heights Community Plan (rezoning amendments) on December 12, 2023.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - RTI-approved permits are in place for a non-rent-controlled, shovel-ready four-unit multifamily development.
Where is this quadplex located?
The property is located at 659 South Soto Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: RTI‑approved permits for a shovel‑ready 4‑unit multifamily development.; Project is non‑rent controlled (no low‑income requirement / no SB 8).; LA City Council adopted the Boyle Heights Community Plan (rezoning amendments) on December 12, 2023.
