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312 N Mathews Street

Los Angeles, CA 90033

$2,800,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1925

calendar_month Built

Property Description

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.

Listing Information

List Price $2,800,000
Status Active
MLS SB24174227
Type Residential Income
Subtype Mixed Use
Year Built 1925
Lot Size 9,372
Structure Size N/A
DOM 6
Courtesy Of Realty ONE Group United
Listing Agent Alex Sanchez DRE#01734841
Co-Listing Agent Jignesh Patel DRE#01941349

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Tile, Vinyl
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

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king_bed N/A
shower N/A
straighten N/A
straighten 17,003
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shower N/A
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king_bed N/A
shower N/A
straighten N/A
straighten 8,267
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$1,195,000

king_bed 7
shower 8
straighten 5,338
straighten 7,974
113 S Mathews Street,

Los Angeles, CA 90033
Image

$1,599,800

king_bed N/A
shower N/A
straighten N/A
straighten 6,538
104 S Breed Street,

Los Angeles, CA 90033

Listing information courtesy of: Alex Sanchez, Jignesh Patel, Realty ONE Group United . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.