209 N Mathews St - Commercial LAND FOR SALE


Los Angeles, CA 90033- Boyle Heights8,930 SF
$1,700,000 USD
424-405-3826
209 N Mathews St, Los Angeles, CA for Sale
$1,700,000 USD
Commercial LAND - FOR SALE
1/8
8,930 SF

209 N Mathews St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • RTI Infill Multifamily Development Opportunity in Boyle Heights: 8,846-SF lot zoned LAR3 with plans to build 22 units, 3 of which are designated LI
  • Plans Envision a 22-Unit Apartment Building: Mix of nine one-bedroom and 13 two-bedroom units as well as a rooftop common area
  • Strong Rental Location Near Downtown Los Angeles: Two blocks from the Metro E line and proximate to freeways, employers and attractions
  • Surrounded by Numerous Multifamily Developments: Recent and ongoing investment in the area signals strong demand and investor sentiment
  • Plans Call for All Wood Construction: Lower construction costs compared to steel construction

OVERVIEW

Marcus & Millichap is pleased to present to market 209 North Mathews Street, a 22-unit RTI infill multifamily development opportunity in Los Angeles’ Boyle Heights. This is an outstanding opportunity to acquire an asset with approved plans in one of Los Angeles’ most active infill development markets. Situated on an 8,846-square-foot LAR3-zoned lot, the property comes with approved plans for a 22-unit apartment building featuring nine one-bedroom units, 13 two-bedroom units, balconies for select units, and a rooftop common area with skyline views designed to enhance renter appeal. Three of the units are designated low income. Construction plans call for all wood construction, lessening construction costs compared to steel construction. Plans also call for storage space which could potentially be converted to four ADUs. Located just around the corner from the Metro E Line, the site offers residents convenient access to Downtown Los Angeles, major employment centers, and area attractions. Its transit-oriented location is increasingly attractive to renters seeking connectivity and affordability. Further enhancing the site’s walkability, a major grocery store is just two blocks away.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/ACRE

$8,292,157/AC

PRICE/SF

$190 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

RTI 22-Unit Multifamily Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.21 AC

LAND SF

8,930 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAR3

APN/PARCEL ID

5180-002-005

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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