312 N Mathews Street
Los Angeles, CA, 90033
$2,750,000
Beds
0 Baths
SqFt
0.22 Acres
Add
Located in the rapidly gentrifying Boyle Heights neighborhood of Los Angeles, the property occupies a corner lot just blocks from the busy retail corridor along Cesar E Chavez Avenue, which features a Walgreens, La Monarca Bakery, and several restaurant options. Based on current rents and expenses, the offering boasts an attractive 5.36% CAP Rate for a new investor. Constructed between 1905 and 1925, the three buildings feature an excellent unit mix. Two of the buildings are large single-family homes*, while the eight-unit apartment building on the site includes a three-bedroom unit and seven one-bedroom units with dens. Combined, the rentable area totals 9,726 square feet spread among the 10 units. Seller believes one single-family house was converted into 7 single room occupancy rooms. Buyer to conduct their own due diligence regarding this matter.

Property Details

Price:
$2,750,000
MLS #:
SB25030197
Status:
Active
Baths:
0
Address:
312 N Mathews Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Feb 10, 2025
State:
CA
ZIP:
90033
Lot Size:
9,372 sqft / 0.22 acres (approx)
Year Built:
1925
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Fireplace Features
None
Heating
Floor Furnace, Wall Furnace

Exterior

Community Features
Street Lights, Urban
Garage Spaces
0.00
Lot Features
Corner Lot
Parking Spots
0.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
2
View
None
Water Source
Public

Financial

Lease Land Amount
$0

Map

Community

Similar Listings Nearby

312 N Mathews Street
Los Angeles, CA