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:
$2,800,000
MLS #:
SB24174227
Status:
Active
Baths:
0
Address:
312 N Mathews Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Aug 23, 2024
State:
CA
ZIP:
90033
Lot Size:
9,372 sqft / 0.22 acres (approx)
Year Built:
1925
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Disposal
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Tile, Vinyl
Heating
Electric, Wall Furnace
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
Corner Lot
Parking Features
Street
Parking Spots
0.00
Pool Features
None
Roof
Rolled/ Hot Mop, Shingle
Sewer
Sewer Paid
Spa Features
None
Stories Total
3
Water Source
Public
Financial
Tenant Pays
See Remarks
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address312 N Mathews Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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Courtesy of Realty ONE Group United. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
312 N Mathews Street
Los Angeles, CA
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