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    312 N Mathews St

    Los Angeles, CA 90033
    • $2,500,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 20-607592
    UPDATED: 29 min ago
    $2,500,000
    • 13
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,726
      SQFT
    • $257
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Situated 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 6.00% 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 May Carry Interest-Only Financing for Qualified Buyer Rare Opportunity for New Investor***Seller believes one single-family house has its bedrooms legally rented out individually. Buyer to conduct their own due diligence regarding this matter.***

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T15:43:11.47. 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.
    www.lydiagable.com/homes/108103135
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    312 N Mathews St Los Angeles, CA 90033

    • Price: $2,500,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 20-607592
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    9,726
    SQFT
    $257
    $/SQFT
    1925
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    Situated 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 6.00% 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 May Carry Interest-Only Financing for Qualified Buyer Rare Opportunity for New Investor***Seller believes one single-family house has its bedrooms legally rented out individually. Buyer to conduct their own due diligence regarding this matter.***
    Exterior Features

    Lot Size Area 9369 Other Structures Other Parking Garage None Total Parking 0

    Interior Features

    Baths Total 14.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 780669 Gross Income 223692 Gross Operating Income 224388 Like Units1 3 Like Units2 4 Like Units3 7 Like Units4 1 Like Units5 1 Net Operating Income 217677.00 Number Of Buildings 3 Number Of Units 10 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 67668 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T15:43:11.47. 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.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377