335 N Soto St - Commercial LAND FOR SALE


Los Angeles, CA 90033- Boyle Heights6,970 SF
$1,000,000 USD
707-815-7472
335 N Soto St, Los Angeles, CA for Sale
$1,000,000 USD
Commercial LAND - FOR SALE
1/22
6,970 SF

335 N Soto St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • + Great Boyle Heights Located in Popular 90033 Zip Code
  • + 6,909 SF Lot Ideal for Row Townhomes, “Double Duplex”, or 100% Affordable High Density Under AHIP
  • + Zoned C1-1-CUGU Allowing a Wide Range of Potential Uses for Multifamily or Commercial
  • + Site Will Be Delivered Vacant with No Recent Records of Leases (Buyer to Verify SB8 Requirements)
  • + Up to 9 Market Rate Units By-Right, 18 Units Utilizing CA State Density Bonus, or Unlimited Density Under LA’s Affordable Housing Incentive Program
  • + Eligible for AB 2097, Eliminating Parking Requirements

OVERVIEW

The Boyett Team at CBRE is pleased to present a 6,909 SF redevelopment opportunity located at 335 N Soto Street, Los Angeles, California. The subject property is located in a great Boyle Heights location, north of E Cesar E Chavez Avenue and west on N Soto Street. Zoned C1-1-CUGU, the site boasts a wide range of potential uses. For residential development, the site boasts long term vacancy allows up to nine (9) units by-right allowing a market rate developer to build row townhomes or a “double duplex”. A developer could opt to utilize California’s state density bonus code to achieve up to eighteen (18) units. The site is also eligible for LA’s CHIP ordinance under AHIP, unlocking unlimited density with potential to remove parking restrictions under AB 2097. Located in a great Boyle Heights neighborhood within the 90033 zip code, this offering presents a great opportunity for any developer to execute in a growing market of Los Angeles.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/ACRE

$6,249,641/AC

PRICE/SF

$143 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.16 AC

LAND SF

6,970 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC1

APN/PARCEL ID

5175-010-027

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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