206 S Soto, Los Angeles, CA 90033
List Price: $750K
Listing Status: Active
Original List Price: $850K
0Days on Market: 110
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1928
Lot Size: 6,754 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: SR26022151
About This Property
MAJOR PRICE REDUCTION OF $100,000 - THIS IS AN OPPERTUNITY FOR SERIOUS BUYERS ONLY! Boyle Heights Opportunity: An outstanding opportunity for owner-users, investors, developers, or builders—ideal for adding ADUs or pursuing a full ground-up multifamily project. Currently on the property: 2 separate houses and with 2 car garage on the property. Structures at approximately 2,234 square feet. Front Unit is vacant with 3 bedrooms & 1 bath with approx. 1418 square feet Back Unit is tenant occupied with 1 bedroom and 1 bath at approx. 816 square feet and can negotiate to be vacant at escrow closing. Generous lot size of 6,751 square feet and Zoning is RD1.5 BUILERS & DEVELOPERS: Development Potential: • 4.5 units by right (RD1.5) • Up to 8 units with TOC Tier 4 (80% bonus) With the newly approved Boyle Heights Community Plan Update designating this area for higher-density use, the site is primed for significant upside. Options include: • Retain the front house and replace the rear structure with 2–3 new units or remove both structures and build up to 8 units under TOC incentives. VALUE ADD: Retain the front house and replace the rear structure with 2–3 new units. LOCATION HIGHLIGHTS: A premier Boyle Heights location—minutes from Downtown LA, the 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital & blocks away from the metro line.
Listing provided by: Verzhine Uzunyan DRE #00984953 818-755-8088 guzunyan@gmail.com, Koenig Properties