CA > Los Angeles
Los Angeles, CA 90033,312 N Mathews ST
Los Angeles, CA 90033,312 N Mathews ST
Los Angeles, CA 90033,312 N Mathews ST
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James Olvera

James Olvera

+1(909) 760-9091
$2,750,000
Est. payment /mo
9,374 Sqft Lot
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UPDATED:

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

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California Regional MLS (CRMLS)
Listed by Alex Sanchez • Realty ONE Group United • 562-239-8819

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