116 S Mathews Street

Los Angeles, CA 90033

  • 0 Bed(s)
  • 0 Bath(s)
  • 10,478 Sqft
  • 8388
    Sqft(Lot)
$2,424,000

Description

Property overview (all one bedrooms / 9.17 grm*) - as the exclusive listing agent, we are pleased to present the opportunity to acquire mathews apartments, a 18-unit multifamily property located in the highly sought-after boyle heights submarket of los angeles. this property is ideally positioned near major landmarks and offers a living experience in one of the city’s most vibrant and up-and-coming neighborhoods. originally constructed in 1925, the property sits on an 8,388 sf corner lot and features a building footprint of 10,478 sf, zoned lard 1.5.



the opportunity - mathews apartments presents an exceptional opportunity to acquire a multifamily asset in los angeles’ competitive boyle heights rental market, with significant upside potential through value-add opportunities. the property consists entirely of one-bedroom units, making it a versatile investment for a wide range of tenants. this well-maintained building offers secured access and sits on a desirable corner lot, providing excellent frontage in a growing neighborhood. the property presents an attractive cost per unit and cost per square foot, making it an appealing investment option for those seeking potentially strong returns and future appreciation. the current in-place grm and cap rate are competitive, and with proven market rents, there is ample potential for rent increases through repositioning and further unit updates. investors can take advantage of a great reposition opportunity to capitalize on the neighborhood’s continued growth.



the location - mathews apartments is located in the boyle heights submarket, one of los angeles' most historically rich and culturally diverse neighborhoods. the property sits right off 1st street and soto street, offering excellent access to major thoroughfares and public transit routes, ensuring easy connections throughout los angeles. boyle heights is undergoing significant transformation, with new developments and investments shaping the area. the property’s corner lot position and proximity to local amenities, including shopping centers, dining options, and cultural landmarks, provide convenience for residents and add to the property’s overall appeal. with strong demand for rental properties in boyle heights and the potential for significant rental growth, mathews apartments offers a unique opportunity to secure an income-generating asset in a rapidly evolving area.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49365862

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1925
    • Building Area Total: 10,478

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1926
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 8388

  • Listing Price Information

    • Original List Price: 2,424,000
    • Listing Contract Date: 2025-03-25

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5180006022

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Postal Code Plus 4: 4026
    • Directions: Near 1st Street and Soto
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 100
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1st
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/22/2025 @ 11:58

  • MLS: SR25064768
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 10,478 sqft, 8,388 sized lot, and 0 parking. are nearby neighborhoods.