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$ 2,750,000
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Active
312 N Mathews ST Los Angeles, CA 90033
9,374 Sqft Lot
UPDATED:
02/10/2025 11:33 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25030197
HOA Y/N No
Year Built 1925
Lot Size 9,374 Sqft
Property Sub-Type Mixed Use
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Interior
Heating Floor Furnace, Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Urban
View Y/N No
View None
Private Pool No
Building
Lot Description Corner Lot
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 5180008001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Alex Sanchez • Realty ONE Group United • 562-239-8819
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