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    206 Soto St Los Angeles, CA 90033

    For Sale
    $1,050,000

    Prime Boyle Heights location, redevelopment potential.

    Property size:
    2,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This Los Angeles property at 206 S Soto St, in the 90033 zip code, presents a compelling redevelopment opportunity. The 6,751 square foot lot currently features two buildings totaling 2,234 square feet. The main structure is a vacant Craftsman-style house needing complete rehabilitation, while the rear building, a 1-bedroom, 1-bathroom unit, is currently occupied by a cooperative tenant. The property is zoned RD1.5, allowing for multiple development scenarios. Under current zoning, up to 4.5 units are permitted by right. Leveraging the recently approved Boyle Heights Community Plan Update and its Tier 4 TOC density bonus (80% bonus), the potential rises to approximately 8.1 units. This presents investors and developers with diverse options, ranging from adding ADUs to a complete ground-up construction. The property's central location in Boyle Heights offers easy access to Downtown LA, the new 6th Street LA Bridge, Cal State LA, schools, restaurants, parks, and major freeways, including proximity to LAC-USC Hospital and the Metro Line/1st and Soto Station. The asking price is $1,050,000, with each of the two units priced at $525,000. The property boasts 100% occupancy as of August 31, 2023, though the current NOI is $0. This is a high-density designated area, making it an exceptional investment for those seeking significant returns in a rapidly developing neighborhood.

    Property Features for 206 Soto St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,234 SF
    Class
    C

    Building Details

    Year Built
    1908
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • Located in the proposed Boyle Heights Community Plan Update area, designated for high‑density development.
    • Zoned RD1.5, 6,751.6 sq ft lot, Tier 4 TOC.
    • Excellent redevelopment opportunity for developers/builders.
    • One block from the Metro Line's First and Soto Station.
    • Tenant amenable to relocation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.21097947854
    Latitude
    34.041952564868

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    FAQs

    What type of property is this?
    Multifamily property - Prime Boyle Heights location, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 206 Soto St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Located in the proposed Boyle Heights Community Plan Update area, designated for high-density development.; Zoned RD1.5, 6,751.6 sq ft lot, Tier 4 TOC.; Excellent redevelopment opportunity for developers/builders.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Soto St Los Angeles, CA 90033
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