457 1/2 S Soto Street, Los Angeles, CA 90033

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Property Description

No SB 8 requirement = build market rate units (lot has been vacant for over 6 years) and ZI 2452 exemption to parking. In addition, this is an ED1 qualifying lot with density bonus = developer can build an unlimited number of units within 21,181 sq. ft. (3:1 FAR) and a 78 feet height restriction. ED1 also includes CEQA exemption and a 6 month streamlined application process. For non-profit developers, this property is located in a QCT (qualified census tract). FLAT LOT.


Interior Features

Bedroom Information
Bedrooms N/A

Listing Information

Address 457 1/2 S Soto Street
City Los Angeles
State CA
Zip 90033
County Los Angeles
Listing Agent George Abraham DRE #02190556
Courtesy Of eXp Realty of California Inc
List Price $739,000
Status Active
Type Land
Structure Size N/A
Lot Size 7,059

Listing information courtesy of: George Abraham, eXp Realty of California Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 7th, 2024 at 5:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.