Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    312 Mathews Street, Los Angeles, CA 90033
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    312 Mathews Street
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    • MLS#: SB24174227 ( Commercial/Residential )
    • Street Address: 312 Mathews Street
    • Viewed: 6
    • Price: $2,800,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1925
    • Bldg sqft: 0
    • Days On Market: 121
    • 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
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836