142 N Soto Street Los Angeles, CA 90033
Listing Courtesy of: CRMLS / Keller Williams Realty Downey / Michael R. Fukushima

  142 N Soto Street Los Angeles, CA 90033

Sold (53 Days)
$1,100,000
6
BED
3
BATH
2,520
SQFT
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Description

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 [Q]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!

MLS #:
24399671
Lot Size
8,911 SQFT
Type
Multifamily
Year Built
1923
County
Los Angeles County

Listed By

Michael R. Fukushima, Keller Williams Realty Downey
Bought with
Mauricio Barajas, DRE #01761955 CA, Century 21 Peak
Source
CRMLS
Last checked Nov 23 2024 at 6:59 AM PST
Bathroom Details
Interior Features
  • Refrigerator
Heating and Cooling
  • Wall Furnace
  • Wall/Window Unit(s)
Parking
  • Uncovered
Stories
  • 1
Living Area
  • 2,520 sqft
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.