312 North Mathews Street

Los Angeles, CA 90033

$2,800,000
Price
18
Beds
9,726 Sq. Ft.
$288 / Sq. Ft.
9,726
Sq. Ft.
$288
per Sq. Ft.

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...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.
  1. Listed by Alex Sanchez • DRE #01734841 • Brokerage DRE #01978196 • Realty ONE Group United • 562-239-8819
  2. Listed by Jignesh Patel • DRE #01941349 • Brokerage DRE #01978196 • Realty ONE Group United

Property Details for 312 North Mathews Street

Architectural Style
Craftsman
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9726
LISTING UPDATED: 08/29/2024 03:41 AM

Property Details for 312 North Mathews Street

StatusActive
MLS #SB24174227
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1925
Lot Size0.22 AC / 9,372 SF
CountyLos Angeles County

Building Information for 312 North Mathews Street

Stories3Residences-Year Built1925Building Size-Lot Size0.22 AC / 9,372 SF

Property Information for 312 North Mathews Street

Rental Info
Rental Info
  • Tenant Pays: See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $256,952
  • Gross Scheduled Income: $256,952
  • Gross Operating Income: $256,952
  • Net Operating Income: $144,987
  • Gross Multiplier: 10.9
  • Cap Rate: 5.36
Expense Details
  • Operating Expense: $99,117
  • Insurance Expense: $19,452
  • Professional Management Expense: $17,987
  • Other Expense Description: Taxes
  • Trash Expense: $2,500
  • Water Sewer Expense: $13,000
  • Total Expenses: $99,117
Tax / Assessment Info
  • Tax Tract Number: 204...
  • Tax Census Tract: 2042.00
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: None
  • Room Type: Converted Bedroom
  • Bedroom Features: Converted Bedroom
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Electric, Wall
  • Heating: Electric, Wall Furnace
  • Flooring: Tile, Vinyl
Exterior Features
  • Roof: Rolled/Hot Mop, Shingle
  • Entry Location: Stairs
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Sewer Paid
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,302
  • Unit Type Total Rent: $7,302
  • Unit Type Pro Forma: 11200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,225
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,611
  • Unit Type Total Rent: $1,611
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 0

Property History for 312 North Mathews Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 312 North Mathews Street

Taxable ValueLand$1,591,812Additions$1,008,147Total$2,599,959
Tax Record2023$32,125 ($2,677 / month)
Home Facts
Total Finished SqFt9,726 SqFtAbove Grade Finished SqFt9,726 SqFtLot Size9,369 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR3CountyLOS ANGELESAPN5180-008-001

Schools near 312 North Mathews Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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312 North Mathews Street is a mixed use property for sale in Los Angeles, CA 90033. This property was listed for sale on August 23, 2024 by Realty ONE Group United, it's currently listed at $2,800,000. It has been on the market for a total of 28 days and was last sold on November 9, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 312 North Mathews Street is a 18-bed, 0-bath, 9,726 sqft mixed use property built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty ONE Group United, Alex Sanchez, DRE #01734841; Realty ONE Group United, Jignesh Patel, DRE #01941349

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.