312 N Mathews Street
Los Angeles, CA, 90033
$2,800,000
Beds
0 Baths
SqFt
0.22 Acres
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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
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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

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Tenant Pays
See Remarks
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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312 N Mathews Street
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