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Listed by Alex Sanchez • Realty ONE Group United
$2,750,000
Est. payment /mo
9,726 SqFt
Active
312 N Mathews Street Los Angeles, CA 90033
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,726 sqft
Price per Sqft $282
MLS Listing ID CRSB25030197
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1925
Lot Size 9,372 Sqft
Property Sub-Type Other
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
Interior
Heating Floor Furnace, Wall Furnace
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Corner Lot
Water Public
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