$1,095,000 Price Analysis   ♡   Los Angeles, CA 90023 Unknown bed 0 bath unknown SqFt ($0/SqFt) 4,404SqFt lot. Listed 2024-01-16, Taxes $4,667 | Ⓧ USDA Ineligible due to property near Los Angeles |
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 cnstruction. 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 resident ial units will still remain up to 11 market rate units or up to 20 units with max bonus!
Presented by George Abraham at
eXp Realty of California Inc.
Property MLS #24-342585 from TheMLSCLAW
Lot Size Acres: 0.1011019
Lot Size Dimensions: 40 x 110
Lot Size Source: Survey
Topography: Flat
Lot Size Square Feet: 4404
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsCounty: Los Angeles
Cross Street: Soto and Terrace Heights
Current Use: RTI approved permits for a Shovel-Ready , 4-unit multifamily development
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
Source Property Type: Land
Exclusions: RTI plans have been approved but not pulled . Current RTI plans are estimated to be approximately $31, 412 (linkage fee exemption applied per city on July 7, 2023). Buyer to verify.
Possible Use: Up to 20 units / 13, 203.6 buildable sq. ft. (max bonus) or 11 units / 6, 601.8 sq. ft. (market rate) units.
Inclusions: New sewer line (6 diameter) was installed from property to the sewer in 2022.
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Parcel Number: 5183-025-037
Postal Code Plus 4: 1300
Property Location: Alley Access, City, Near Public Transit
Zoning: LAC1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $385,560 $385,560 | $4,667 |
| 2021 | $20,398 + $125,604 $146,002 | $1,893 |
| 2020 | $20,189 + $124,317 $144,506 | $20,787 |
| 2019 | $19,794 + $121,880 $141,674 | $1,838 |
| 2018 | $19,406 + $119,491 $138,897 | $1,816 |
| 2017 | $19,026 + $117,149 $136,175 | $1,776 |
| 2016 | $18,653 + $114,852 $133,505 | $1,724 |
| 2015 | $18,373 + $113,127 $131,500 | $1,700 |
| 2014 | $18,014 + $110,911 $128,925 | $1,713 |
| 2013 | $17,933 + $110,410 $128,343 | $1,712 |
| 2012 | $17,582 + $108,246 $125,828 | $1,732 |
| 2010 | $17,238 + $106,124 $123,362 | $1,701 |
| 2009 | $17,151 + $105,582 $122,733 | $1,729 |
| 2009 | $17,110 + $105,331 $122,441 | $1,729 |
| 2008 | $16,815 + $103,512 $120,327 | $1,663 |
| 2007 | $16,486 + $101,483 $117,969 | $1,607 |
$1,095,000
TheMLSCLAW
Sold 2021-05-07
$327,500
TheMLSCLAW
Listed 2020-03-13
$369,000
TheMLSCLAW
Listing removed 2019-10-18
$0
TheMLSCLAW
Price Changed 2019-08-13
$450,000
TheMLSCLAW
Listed 2019-07-17
$399,000
TheMLSCLAW
Listing removed 2018-06-02
$399,900
CRMLS
Listed 2018-05-08
$399,900
CRMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.