$1,100,000 Price Analysis   ♡   Los Angeles, CA 90033 6 bed 3 bath 2,520 SqFt ($436/SqFt) 8,911SqFt lot. Built 1923 Listed 2024-06-03, Taxes $4,827 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Located in the heart of Boyle Heights
142 N Soto St is a developers dream! Situated on an expansive 8, 911 square foot lot, this property boasts ample space for potential expansion or redevelopment. Zoned LAR4 with TOC4 designation, t presents an exciting prospect for investors seeking to maximize its development potential. With 22 units permitted by right, the property unlocks further possibilities with a TOC4 bonus, allowing for up to 40 units. Furthermore, a notable aspect of this property is its commitment to affordability, with the potential to develop up to 55 units dedicated to meeting the community's affordable housing needs. Whether you're looking to capitalize on the existing rental income, explore redevelopment opportunities or contribute to the community's affordable housing initiatives, 142 N Soto St presents a versatile and promising investment. The rear 2 Bedroom + 1 Bathroom will be del ivered vacant at Close of Escrow. DO DISTURB TENANTS!
DRIVE BY ONLY!
Presented by Michael R. Fukushima at
Keller Williams Realty Downtown LA.
Property MLS #24-399671 from TheMLSCLAW
Full Bathrooms: 3
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 8911
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 6597
County: Los Angeles
Cross Street: East 1st St.
Cap Rate: 3
Directions: Property on the East side of 1st St. Please use Google Maps for specific directions.
Source Property Type: Residential Income
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Owner Pays: Water
Parcel Number: 5180-002-022
Postal Code Plus 4: 2913
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $117,168 + $244,435 $361,603 | $4,827 |
| 2021 | $114,871 + $239,643 $354,514 | $4,760 |
| 2020 | $113,694 + $237,186 $350,880 | $4,800 |
| 2019 | $111,465 + $232,536 $344,001 | $4,629 |
| 2018 | $109,280 + $227,977 $337,257 | $4,482 |
| 2017 | $107,138 + $223,507 $330,645 | $4,389 |
| 2016 | $105,038 + $219,125 $324,163 | $4,270 |
| 2015 | $103,461 + $215,834 $319,295 | $4,213 |
| 2014 | $101,435 + $211,607 $313,042 | $4,246 |
| 2013 | $100,977 + $210,651 $311,628 | $4,246 |
| 2012 | $178,391 + $118,927 $297,318 | $4,197 |
| 2010 | $174,894 + $116,596 $291,490 | $4,122 |
| 2009 | $163,000 + $222,000 $385,000 | $5,139 |
| 2009 | $173,587 + $115,725 $289,312 | $5,139 |
| 2008 | $168,300 + $474,300 $642,600 | $8,087 |
| 2007 | $165,000 + $465,000 $630,000 | $8,453 |
$1,100,000
TheMLSCLAW
Listing removed 2018-11-26
$0
TheMLSCLAW
Listed 2018-08-20
$980,000
TheMLSCLAW
Sold 2009-04-24
$290,000
ITECH
Listing removed 2009-01-31
$264,900
TheMLSCLAW
Listed 2009-01-16
$264,900
TheMLSCLAW
Listed 2009-01-14
$264,900
ITECH
Sold 2006-11-30
$630,000
Public Record
Sold 2006-02-06
$470,000
ITECH
Listed 2005-10-03
$441,500
ITECH
Year Built: 1923
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 101
Year Built Source: Vendor Enhanced
Security Features: Gated
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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.