$850,000

Prime development opportunity in Boyle Heights. Situated along Soto Street, a major north-south artery, the property offers excellent accessibility, with its prominent location, access to public transportation, and proximity to Downtown Los Angeles and surrounding commercial and residential destinations, this property presents an attractive opportunity for an experienced developer or investor seeking a well-located redevelopment site. The property offers a compelling opportunity for developers looking to create a new residential project in an established, active urban setting. The owner has previously prepared plans contemplating a 17-unit residential development. Based on the property’s zoning, site characteristics, and applicable regulations, a buyer may also be able to pursue a project with more units, subject to applicable approvals and verification. A future buyer may pursue an alternative development concept that could potentially increase the number of units or provide different unit configurations and sizes. Buyers are solely responsible for independently verifying all development potential, including the number of units, unit sizes, allowable uses, building envelope, parking requirements, permits, approvals, and all other applicable requirements with the appropriate City of Los Angeles departments and professionals. Seller makes no representations or warranties regarding the number of units, unit sizes, development capacity, or approvals that may ultimately be obtained. Buyers to conduct their own due diligence and satisfy themselves regarding all development possibilities prior to purchase.