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312 North Mathews Street
Los Angeles, CA 90033


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Property Remarks

We are pleased to offer this ten (10) unit multifamily investment offering, located in the City of Boyle Heights. The subject property is constructed of wood frame and stucco in 1925, with approximately 9,726 rentable square feet on a 9,370 square foot lot. The asset is comprised of one two-story structure, with a unit mix consisting of seven (7) 2+1 units, one (1) 3+1 unit, and two (2) single family residences. The investment boasts spacious floor plans, new roof (2015), updated aluminum windows, new copper plumbing, recently painted, and separately metered for gas and electricity. The property is not subject to the City of Los Angeles Soft-Story Retrofit Program.

Property Details

MLS#
17272952
Days on Market
64
Year Built
1925
Stories
2
Building/Living Area (sq ft)
6,726
Source of SqFt
Public Records
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Boyle Heights (BOYH)

Presented By:

Listing provided courtesy of Davis Saadian , BRC Advisors


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other

Additional Property Details

Number of Units
10
Number of Buildings
2
Gross Operating Income
$191,928
Total Expense
$58,604
ADA Compliance
No

AC/Cooling
Other
Heating
Other

East and North East Los Angeles

Some of the older neighborhoods outside of the city cluster in this area which has seen development and gentrification in recent years as hip urban dwellers mix with existing communities and traditions to create vibrant neighborhoods.

One of the older neighborhoods on the Eastside of Los Angeles, Boyle Heights combines history with a thriving Latino community. Close to downtown and rich in tradition, this area is considered one of the areas primed for development. As one of the more established neighborhoods on the Eastside, Boyle Heights is full of older homes including both single-family and multi-family residences for sale.

Catching the wave of hipster living that spread from Los Feliz and Silver Lake, Highland Park offers hip, urban style with a touch of history that comes from being one of the older neighborhoods in Los Angeles. Highland Park is fuller of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here.

Named for a large rock outcropping with the image of an eagle in flight, Eagle Rock is near to downtown Los Angeles but has the appeal of a quiet college town. The area first began to boom in the 1920s as people migrated west from Pasadena and there are a large number of Craftsman and Spanish-style homes and bungalows in the area. 

Surrounding areas include Glassell Park, Mount Washington, Lincoln Heights, El Sereno, Cypress Park, East Los Angeles, and Montecito Heights. 

Community Explorer

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