549 S Mathews St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,350,000 USD
310-857-6616
549 S Mathews St, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/23
null | 6.17% Cap Rate

549 S Mathews St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • 100% Occupied 6-Unit Multifamily Asset
  • 549 S Mathews offers investors the opportunity to acquire a fully occupied 6-unit multifamily property in Boyle Heights, providing immediate in-place
  • The property generates $87,980 in annual scheduled rent. Projected market rents of $127,200 annually, representing $39,220 in annual rental upside
  • Current NOI is approximately $49,395, with projected market NOI of approximately $83,230
  • The property benefits from tenant-paid gas, electric, and trash
  • Located in Boyle Heights, the property benefits from proximity to Downtown Los Angeles, the Arts District, Hollenbeck Park

OVERVIEW

549 S Mathews St offers investors a 100% occupied 6-unit multifamily asset in the established Boyle Heights submarket of East Los Angeles. The property provides immediate in-place income with meaningful long-term upside through projected market rents and continued operational management. The asset has benefited from recent capital improvements, including remodeled interiors in 4 of 6 units with updated flooring, kitchen cabinets, countertops, and bathrooms, along with updated water heaters, permitted window upgrades, copper plumbing reportedly throughout, and a major capital improvement to the sewer line. Located near Downtown Los Angeles, the Arts District, Hollenbeck Park, USC/Keck medical employment centers, transit access, and neighborhood amenities, 549 S Mathews presents a well-positioned multifamily investment with reduced near-term capital exposure.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$549 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

6.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boyle Heights 6-Unit with Rental Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5185-003-004

ASK ABOUT THIS PROPERTY

Josue NajeraIn Real EstateMore Info
310-857-6616

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Josue NajeraIn Real EstateMore Info
310-857-6616

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