Reduced! Soto Duplex - Lot 6751 - Zone RD 1.5 | 206 S Soto St
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Reduced! Soto Duplex - Lot 6751 - Zone RD 1.5 206 S Soto St
2 Unit Apartment Building $1,050,000 ($525,000/Unit) Los Angeles, CA 90033
Investment Highlights
- In proposed Boyle Heights Community Plan Update area with HIGH DENSITY designation.
- One block from Metro Line / 1st and Soto Station
- Many different option for Developer
- Zone, RD1.5 - Lot size, 6751.6 - TOC, Tier 4
Executive Summary
PRICE REDUCTION ALERT! Bldg SqFt, 2234 - 1418 (front) + 816 (back) Lot size, 6751.6 Zone, RD1.5 TOC, Tier 4 Current Build Assumptions: 4.5 Units by right (RD1.5) 8.10 Units (w/TOC Tier 4, 80% bonus) Investors, Developers, & Builders! This property is earmarked for high density use with the new proposed Boyle Heights Community Plan Update that was recently approved in April 2023. So many opportunities with current zoning. Keep front house, tear down back house and build 2-3 additional units. Tear down both structures and build up to 8 units with TOC density bonus (tier 4 - 80%). Current buildings include a vacant, Craftsman style front house in front (needs complete rehab) with 3 bedrooms and 1 bath, back house is a 1 bedroom and 1 bath currently occupied with cooperative tenant. PRIME AREA OF BOYLE HEIGHTS, Central Location - minutes away from Downtown LA, the new 6th LA Bridge, Cal State LA, Schools, Restaurants, Parks, near all major freeways and LAC-USC Hospital. Excellent Opportunity for either Owner User, Development opportunity, either add ADU’s or potential build from the ground up.
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $525,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,234 SF |
| Sale Conditions | Redevelopment Project | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,050,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,234 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1908 |
| Parking Ratio | 0.9/1,000 SF |
Unit Amenities
- Kitchen
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 1+1 | 1 | - | - |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | RD1.5 (Zone, RD1.5 - TOC, Tier 4 - Lot Size, 6751.6) |
| RD1.5 (Zone, RD1.5 - TOC, Tier 4 - Lot Size, 6751.6) |
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Reduced! Soto Duplex - Lot 6751 - Zone RD 1.5 | 206 S Soto St
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