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335 N Soto St 0.16 Acres of Commercial Land Offered at $1,000,000 in Los Angeles, CA 90033
Investment Highlights
- + Great Boyle Heights Located in Popular 90033 Zip Code
- + Zoned C1-1-CUGU Allowing a Wide Range of Potential Uses for Multifamily or Commercial
- + 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
- + 6,909 SF Lot Ideal for Row Townhomes, “Double Duplex”, or 100% Affordable High Density Under AHIP
- + Site Will Be Delivered Vacant with No Recent Records of Leases (Buyer to Verify SB8 Requirements)
- + Eligible for AB 2097, Eliminating Parking Requirements
Executive Summary
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.
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.
Property Facts
| Price | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land | ||
| Zoning | LAC1 - Limited Commercial Zone | ||
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| Zoning | LAC1 - Limited Commercial Zone |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 0.16 AC |
| Price Per AC | $6,250,000.00 |
| Price | $1,000,000 |
| Price Per AC | $6,250,000.00 |
| Lot Size | 0.16 AC |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 5175-010-027 | Improvements Assessment | $0 |
| Land Assessment | $704,641 | Total Assessment | $704,641 |
Property Taxes
Parcel Number
5175-010-027
Land Assessment
$704,641
Improvements Assessment
$0
Total Assessment
$704,641
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335 N Soto St
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