2024 was an interesting year—one filled with challenges, but also many successes and opportunities. Despite the difficulties, there’s still been plenty of good, and the recent sale of a triplex at 142 N Soto St. in Boyle Heights is a perfect example of how things can turn out well, even when the journey is a bit unconventional.
Built in 1923, the triplex sits on a spacious 9,000-square-foot lot full of mature fruit trees, offering a unique mix of historic charm and future development potential. Zoned {Q}LAR4 with TOC Tier 4 incentives, the lot allows for the development of 9 units by right or up to 22 with bonuses—making it an attractive opportunity for both investors and those looking to capitalize on Boyle Heights’ growth.
The listing came about after a cold call, where a voicemail was left for the sellers. After discussing the property’s value, they decided to price it more competitively, based on our recommendation. This decision paid off, as the property quickly generated strong interest and multiple offers. Ultimately, the triplex sold for $1,100,000, or about $366,666 per unit.
The property consists of a front duplex and a rear house, with one unit vacant and two tenant-occupied at the time of sale. The large lot, combined with alley access, made it an appealing option for buyers seeking flexible living space and the possibility of running a business.
Total Realty Group, part of Keller Williams Commercial DTLA, proudly represented the sellers as listing agents, while Mauricio Barajas of Century 21 represented the buyers in this smooth transaction.
After receiving multiple offers—including from developer’s eager to leverage the property’s zoning potential—the sale went to another mom-and-pop buyer who recognized the value in both the property and the location, underscoring Boyle Heights’ growing appeal.
Boyle Heights continues to be one of LA’s most exciting neighborhoods, with a deep cultural history, a diverse community, and just minutes from Downtown. As new developments continue to reshape the area, it’s becoming a hotspot for families, investors, and entrepreneurs. This property, with its perfect mix of history and opportunity, is a great example of what makes Boyle Heights such a special place.
Whether you’re looking to invest or find a home in a vibrant and evolving neighborhood, Boyle Heights offers plenty of possibilities—and opportunities like 142 N Soto St. are in high demand. Call Kaleen Lopez today to learn more about buying or selling real estate in the Los Angeles submarkets and start building your financial freedom.