457 Soto StLos Angeles, CA 90033

This exceptional 7,060 square foot residential land parcel presents a unique development opportunity in Los Angeles, CA. Located at 457 1/2 S Soto Street, 90033, this flat lot is zoned RD 1.5 and offers significant potential for high-density construction. Leveraging density bonus and ED1, the property boasts a 3:1 FAR, resulting in an impressive 21,181 buildable square feet. A 78-foot height restriction (45 feet by right) allows for substantial building volume. The density bonus program permits an unlimited number of units, significantly increasing the potential return on investment. This qualified census tract (QCT) property benefits from a CEQA exemption and a streamlined six-month application process. Importantly, this opportunity is exempt from SB 8 requirements and ZI 2452 parking regulations. The property's APN is 5183015029 and is being offered as a 1031 exchange opportunity. This prime location in Los Angeles County offers developers a rare chance to create a high-value residential project with minimal regulatory hurdles. The land's price per square foot is $104.67. This is a truly exceptional opportunity for savvy investors seeking a high-return development project in a desirable Los Angeles location.