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
See this Listing
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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
- Address312 N Mathews Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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312 N Mathews Street
Los Angeles, CA
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