Approved Multifamily Development
For Sale
$1,700,000
209 N Mathews, Los Angeles, CA 90033
LAR3-zoned infill lot with approved plans for a 22-unit apartment building near Metro E Line.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market50
Property Features for 209 N Mathews
General Information
Standard status
Active
Lot size
0.20 Acres
Property subtype
Land
Zoning
LAR3
Additional Details
Multifamily Units
22
Listing Agency:
Steven M. Bogoyevac, Broker
(562) 257-1231
Listed By:
Steven Bogoyevac · License #01332755
(562) 257-1231
Source:
Elliman
Added: Jun 21
Changed: Aug 8
Last Checked: Jul 15 at 11:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steven M. Bogoyevac, Broker
Investment Insights
Based on property information with market context.
209 North Mathews Street is an infill multifamily development opportunity with approved plans for a 22-unit apartment building. The project is designed for nine one-bedroom units and 13 two-bedroom units, with balconies for select units. The plans also call for a rooftop common area and storage space, with the potential to convert storage to four ADUs. Three of the units are designated as low income. Construction is planned as all-wood construction, and the overall site is supported by the existing approvals.
The property sits on an 8,846-square-foot lot zoned LAR3. Located around the corner from the Metro E Line, the site offers convenient transit access to Downtown Los Angeles, major employment centers, and area attractions. Walkability is supported by a grocery store located about two blocks away.
For buyers and developers, this presents an RTI opportunity to acquire a permit-ready residential development site with a clear unit mix and architectural program. The combination of transit proximity, nearby daily conveniences, and an approved plan set may streamline project planning for an infill multifamily build in a high-activity area.
The property sits on an 8,846-square-foot lot zoned LAR3. Located around the corner from the Metro E Line, the site offers convenient transit access to Downtown Los Angeles, major employment centers, and area attractions. Walkability is supported by a grocery store located about two blocks away.
For buyers and developers, this presents an RTI opportunity to acquire a permit-ready residential development site with a clear unit mix and architectural program. The combination of transit proximity, nearby daily conveniences, and an approved plan set may streamline project planning for an infill multifamily build in a high-activity area.
Key Highlights
- 8,846‑square‑foot LAR3‑zoned lot with approved plans for a 22‑unit apartment building in Boyle Heights
- Unit mix in approved plans: nine 1‑bedroom units and 13 2‑bedroom units
- Approved plans include balconies for select units and a rooftop common area with skyline views
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - LAR3-zoned infill lot with approved plans for a 22-unit apartment building near Metro E Line.
Where is this residential land & home lot located?
The property is located at 209 N Mathews Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 8,846‑square‑foot LAR3‑zoned lot with approved plans for a 22‑unit apartment building in Boyle Heights; Unit mix in approved plans: nine 1‑bedroom units and 13 2‑bedroom units; Approved plans include balconies for select units and a rooftop common area with skyline views
