116 S Mathews Street, Los Angeles, CA 90033 (MLS # SR25064768)

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PRICE $2,500,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 10,478 sqft
LOT SIZE 8,390 sqft

PROPERTY OVERVIEW - 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.

DAYS ON MARKET 9 LAST UPDATED 3/25/2025
YEAR BUILT 1925 COMMUNITY Boyle Heights
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Boyle Heights
LOT 8388 sq ft
LOT DESCRIPTION Corner Lot
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
ZONING LARD1.5
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 116 S MATHEWS STREET
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Listed with Keller Williams Realty Calabasas

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 4/2/25 10:06 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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