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142 N Soto St, Los Angeles, CA 90033 - Main View

142 N Soto St, Los Angeles, CA 90033

Sale Price: $1,100,000

Jun 3, 20242,520 sqft6 beds3 baths

Listed by: Michael R. Fukushima

License #: 01380445

Phone #: 818-321-6490

Keller Williams Realty Downey

Source:

MLS #: 24399671

Property Description

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 [Q]LAR4 with TOC4 designation, it 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 delivered vacant at Close of Escrow! DO DISTURB TENANTS! DRIVE BY ONLY!

Get a detailed valuation report, schedule a tour or make an offer!

Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

DRE LICENSE #01997822

TurboHome Fair Market Estimate

TurboHome Savings

$15,393

TurboHome Estimated Value

$1,063,100

$422 sqft

High Valuation

$1,116,255

$443/sqft

Normal Valuation

$1,063,100

$422/sqft

Low Valuation

$1,009,945

$401/sqft

3rd Party Estimates

Source	$/sqft	Valuation
HouseCanary	$422/sqft	$1,063,100

Get a detailed valuation report, schedule a tour or make an offer!

Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

DRE LICENSE #01997822

Neighborhood: Boyle Heights

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Comparative Value

$731K

$899K

$927K

$1.10M

2515 Wabash Ave, Los Angeles, CA 90033

Sale Price: $731,000

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3317 E 8th St, Los Angeles, CA 90023

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1132 N Evergreen Ave, Los Angeles, CA 90033

Sale Price: $900,000

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2128 E 3rd St, Los Angeles, CA 90033

Sale Price: $927,000

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142 N Soto St, Los Angeles, CA 90033

List Price: $1,100,000

Subject Property

142 N Soto St, Los Angeles, CA 90033

Sale Price: $1,100,000

Selected Comparable

Neighborhood Comps

Subject Property

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