206 S Soto St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$750,000 USD
818-903-8088
206 S Soto St, Los Angeles, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/14
null | 5.1% Cap Rate

206 S Soto St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • $100K MAJOR PRICE REDUCTION! Exceptional development opportunity
  • 2 UNITS DELIVERED VACANT! (2 bed / 1 bath) + (1 bed / 1 bath) .
  • IN BOYLE HEIGHTS PROPOSED CPU AREA W/ HIGH DENSITY DESIGNATION
  • CURRENT ZONE, RD1.5 - LOT SIZE 6751.60 - TOC, Tier 4
  • ONE BLOCK FROM METRO LINE (SOTO X 1ST STREET) STATION

OVERVIEW

$100K PRICE RDUCTION - BACK ON THE MARKET Duplex to be delivered VACANT! This 2,234 sqft property (1,418 sqft front house + 816 sqft rear unit) sits on a 6,751.6 sqft lot in RD1.5 zoning with TOC Tier 4, offering powerful density potential. Existing Structures • Front House: Vacant Craftsman, 3 bed / 1 bath, full rehab needed • Rear Unit: 1 bed / 1 bath, occupied by a cooperative tenant Development Potential • 4.5 units by right (RD1.5) • Up to 8 units with TOC Tier 4 (80% bonus) With the newly approved Boyle Heights Community Plan Update (April 2023) designating this area for higher-density use, the site is primed for significant upside. Options include: • Retain the front house and replace the rear structure with 2–3 new units • Remove both structures and build up to 8 units under TOC incentives Location Highlights A premier Boyle Heights location—minutes from Downtown LA, the new 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital. This is an outstanding opportunity for owner-users, investors, developers, or builders—ideal for adding ADUs or pursuing a full ground-up multifamily project.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

2

PRICE/UNIT

$375,000

CAP RATE

5.1%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reduced $100K! Duplex - 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 KoenigKoenig PropertiesMore Info
818-903-8088

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Ed KoenigKoenig PropertiesMore Info
818-903-8088

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