312 Mathews St Los Angeles, CA 90033-3010
Property profile & analytics
312 Mathews St Los Angeles, CA 90033-3010
- Apartment buildings
- 9,726 SF
- 0.22 lot acres
Property ID
US09-8695549
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Beach Front Property Management - Los Angeles @ Matthews Street Apartments / Apartment Building
Property Details for 312 Mathews St
- Year built
- 1925
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 9,726 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 5180-008-001
- APU
- 5180008001
Description
This exceptional 10-unit multifamily property, located at 312 North Mathews Street in Los Angeles, CA 90033, presents a compelling redevelopment or value-add investment opportunity. The property consists of an eight-unit apartment building and two single-family homes situated on a 9,372 square foot lot. Built in 1925, the property features three buildings with two stories each, totaling 9,372 square feet and offering 9,726 square feet of net rentable space. Currently generating a Net Operating Income (NOI) of $144,987, resulting in a 5.36% cap rate, the property offers significant upside potential. A pro-forma NOI of $269,103 and a pro-forma cap rate of 9.61% illustrate the potential for increased profitability through renovations or redevelopment. The asking price is $2,800,000, or $280,000 per unit. Individual gas and electric meters for most units contribute to favorable cash flow. The property's prime location in Boyle Heights, near downtown Los Angeles, freeways, Cal State Los Angeles, and Metro transit, ensures strong rental demand. The Los Angeles County Assessor's Parcel Number (APN) is 5180-008-001. This offering is suitable for a 1031 exchange. This is a rare chance to acquire a multifamily property with substantial upside in a rapidly appreciating Los Angeles neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,235,000
- ML approach
- $2,220,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,676,000
Market price range: $861k - $2.68M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,960,000 Current use
- RETAIL STORES
- $3,995,000 Change: +104% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $2,750,000 Change: +40% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.207
- Latitude
- 34.0449
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$32,744
$1,591,812
$1,008,147
$2,599,959
-
$0.00
$0.00
$0.00
