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659 S Soto St, Los Angeles, CA 90023
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659 S Soto St Los Angeles, CA 90023

$1,095,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,095,000 Get Pre-Qualified
Map preview of 659 S Soto St, Los Angeles, CA 90023

Property Overview: 659 S Soto St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 4,404 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 11 residential units / 6,601.8 buildable sq. ft. at market rates or up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!

Listed by George Abraham | BRE #02190556 | eXp Realty of California Inc
Last checked: 10 minutes ago | Last updated: January 23rd, 2024 | Source CRMLS | DOM: 93
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Home details

Lot Sq. Ft
4,404
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24342585
City
Los Angeles
County
Los Angeles
Time on Site
113 days

Open Houses for 659 S Soto St

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Property Details for 659 S Soto St

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Survey
Property Information
  • Has View
  • View: City Lights, Mountain(s)
  • Parcel Number: 5183025037
  • Offered With Property: New sewer line (6" diameter) was installed from property to the sewer in 2022.
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other, Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: HOLLENBECK PARK HEIGHTS TRACT
  • Directions: From downtown LA, take 101 South, take exit 1A for 7th St, turn left onto E 7th St, turn left onto S Soto St
View more facts & features

Local Los Angeles Agent

Sale History for 659 S Soto St

Last sold for $327,500 on May 7th, 2021

  • January, 2024

  • Jan 15, 2024

    Date

    Active

    CRMLS: 24342585

    $1,095,000

    Price

  • May, 2021

  • May 10, 2021

    Date

    Sold

    CRMLS: 20563834

    $327,500

    Price

  • Nov 21, 2020

    Date

    Active Under Contract

    CRMLS: 20563834

    $369,000

    Price

  • Mar 13, 2020

    Date

    Active

    CRMLS: 20563834

    $369,000

    Price

  • Listing provided courtesy of CRMLS

    Probate court date is January 19, 2021 at 8:30am. The courts are currently utilizing LA Connect for court appearances. You can access here: https://my.lacourt.org/laccwelcome. Attached to the Docs section of this listing is the notice of the hearing with all relevant information. 50% of the property is going through probate. The other 50% is owned outright by the same person that is inheriting it. Attorney said the winning bidder will have to pay $137,500 for the other 50% which is not subject to overbid. Property is a tear down and has alley access in the back. Property is zoned C1 on public record but appears to have a "Q Classification" that would make it R2 or RD1.5. Buyer to verify. Great location under a mile to the Arts District and close to Downtown LA, Staples Center and Dodger's Stadium! Drive by only. Property is fenced off. This is a probate sale subject to court confirmation.

  • October, 2019

  • Oct 18, 2019

    Date

    Expired

    CRMLS: 19490018

    $450,000

    Price

  • Aug 13, 2019

    Date

    Price Change

    CRMLS: 19490018

    $450,000

    Price

  • Aug 13, 2019

    Date

    Withdrawn

    CRMLS: 19490018

    $399,000

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: 19490018

    $399,000

    Price

  • Listing provided courtesy of CRMLS

    LAC1 zoned property in the up and coming Boyle Heights neighborhood! LAC1 zoning also allows for R3 residential uses which allows up to 5 units that can be built on this lot. Buyer to verify. Property is a tear down and has alley access in the back. Great location close to the Arts District, Downtown LA, Staples Center and Dodger's Stadium! Drive by only. Property is fenced off. This is a probate sale subject to court confirmation.

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Tax History for 659 S Soto St

Assessed Value (2020): $144,506
Year Land Value Improved Value Assessed Value
2020 $124,317 $20,189 $144,506

Home Value Compared to the Market

This property vs the competition

659 S Soto St is listed 11.34% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000.

About 659 S Soto St

Detailed summary of property

659 S Soto St is a land located in Los Angeles, CA 90023 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 4,404 square foot lot. 659 S Soto St was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner is currently asking $1,095,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11.34% lower than the median priced home. Local competing homes currently for sale include 0 Fargo St, 415 N La Fayette Park Pl and 2501 El Rosa Dr. While the average home in Los Angeles, CA is selling in 94 days, 659 S Soto St has a days on market of 93 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 659 S Soto St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 659 S Soto St

Public county record property details
Beds
2
Baths
1
Year built
1907
Sq. Ft.
1,238
Lot Size
4,400
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5183-025-037

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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