206 S Soto St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,050,000 USD
818-903-8088
206 S Soto St, Los Angeles, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

206 S Soto St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • In proposed Boyle Heights Community Plan Update area with HIGH DENSITY designation.
  • Many different option for Developer
  • One block from Metro Line / 1st and Soto Station
  • Zone, RD1.5 - Lot size, 6751.6 - TOC, Tier 4

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$470 USD /SF

# OF UNITS

2

PRICE/UNIT

$525,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reduced! Soto Duplex - Lot 6751 - Zone RD 1.5

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RD1.5

APN/PARCEL ID

5180-004-003

ASK ABOUT THIS PROPERTY

Ed KoenigEK-IRE Koenig PropertiesMore Info
818-903-8088

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Ed KoenigEK-IRE Koenig PropertiesMore Info
818-903-8088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.