312 Mathews Street, Los Angeles, CA 90033
  • MLS#: SB24174227 ( Commercial/Residential )
  • Street Address: 312 Mathews Street
  • Viewed: 2
  • Price: $2,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 84
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90033
  • Provided by: Realty ONE Group United
  • Contact: Alex Alex
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Disposal
Architectural Style
  1. Craftsman
Building Area Total
  1. 9726.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 44
Entry Location
  1. Stairs
Fireplace Features
  1. None
Flooring
  1. Tile
  2. Vinyl
Garage Spaces
  1. 0.00
Heating
  1. Electric
  2. Wall Furnace
Insurance Expense
  1. 19452.00
Laundry Features
  1. None
Lot Features
  1. Corner Lot
Netoperatingincome
  1. 144987.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherexpensedescription
  1. Taxes
Parcel Number
  1. 5180008001
Parking Features
  1. Street
Pool Features
  1. None
Postalcodeplus4
  1. 3010
Professionalmanagementexpense
  1. 17987.00
Property Type
  1. Commercial/Residential
Roof
  1. Rolled/Hot Mop
  2. Shingle
Sewer
  1. Sewer Paid
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 421600809:CRM
Spa Features
  1. None
Tenant Pays
  1. See Remarks
Totalactualrent
  1. 256956.00
Totalexpenses
  1. 99117.00
Trash Expense
  1. 2500.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Water Sewer Expense
  1. 13000.00
Water Source
  1. Public
Year Built
  1. 1925
Year Built Source
  1. Assessor
Zoning
  1. LAR3