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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LEON M. BORUNDA

LEON M. BORUNDA

+1(559) 779-6540
$2,800,000
Est. payment /mo
9,374 Sqft Lot
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UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24174227

HOA Y/N No

Year Built 1925

Lot Size 9,374 Sqft

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

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Electric, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Disposal

Laundry None

Exterior

Garage On Street

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Rolled/Hot Mop,Shingle

Parking Type On Street

Private Pool No

Building

Lot Description Corner Lot

Story 3

Sewer Sewer Tap Paid

Water Public

Architectural Style Craftsman

New Construction No

Others

Senior Community No

Tax ID 5180008001

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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

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LEON M. BORUNDA

+1(559) 779-6540

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