113 S Mathews St - Apartments FOR SALE


Los Angeles, CA 90033
$1,195,000 USD
213-866-9801
113 S Mathews St, Los Angeles, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/4
null | 3.77% Cap Rate

113 S Mathews St
Los Angeles, CA 90033


HIGHLIGHTS

  • MOTIVATED SELLERS
  • Excellent Value Add Opportunity
  • Below Market Rents
  • Close to Downtown Los Angeles, shops, restaurants and transportation

OVERVIEW

MOTIVATED SELLERS!!! Excellent value add opportunity in highly desirable Boyle Heights neighborhood. There are 5 units in the front building and 2 units in the back building. The property includes two 2 car garages. Excellent opportunity to convert the garages to ADU units. Long term tenants with below market rents. Huge upside potential. Individually metered for gas and electricity. The units have individual water heaters. Close to shops, restaurants, and public transportation. Lots of new construction in the area. The expenses are estimates.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

7

PRICE/UNIT

$170,714

CAP RATE

3.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,972 SF

ZONING

LARD1.5

APN/PARCEL ID

5180-003-024

ASK ABOUT THIS PROPERTY

Michael SalernoLee & AssociatesMore Info
213-866-9801

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Michael SalernoLee & AssociatesMore Info
213-866-9801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.