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113 S Mathews St, Los Angeles, CA 90033
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113 S Mathews St Los Angeles, CA 90033

$1,195,000
  • 8 Beds
  • 7 Baths
  • 5,338 Sq.Ft.
For Sale
$1,195,000 Get Pre-Qualified
Map preview of 113 S Mathews St, Los Angeles, CA 90033

Property Overview: 113 S Mathews St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 5,338 living square feet and 7,974 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: MOTIVATED SELLERS!!! Excellent value add opportunity in highly desirable Boyle Heights neighborhood. There are 5 units in the front building and 2 units in the back building. The property includes two 2 car garages. Excellent opportunity to convert the garages to ADU units. Long term tenants with below market rents. Huge upside potential. Individually metered for gas and electricity. The units have individual water heaters. Close to shops, restaurants, and public transportation. Lots of new construction in the area. The expenses are estimates.

Listed by Michael A Salerno | BRE #01212427 | Michael Anthony Salerno
Last checked: 8 minutes ago | Last updated: July 17th, 2024 | Source CRMLS | DOM: 66
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Home details

Lot Sq. Ft
7,974
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24413941
City
Los Angeles
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,042
  • Total Rent: $1,042
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,165
  • Total Rent: $1,165
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,169
  • Total Rent: $1,169
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,254
  • Total Rent: $1,254
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $582
  • Total Rent: $582
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $582
  • Total Rent: $582
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,097
  • Total Rent: $1,097
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.44
  • Gross Scheduled Income: --
  • Net Operating Income: $45,024
  • Gross Operating Income: $82,717
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 113 S Mathews St

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Property Details for 113 S Mathews St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 7
  • Parcel Number: 5180003024
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1 block east of Soto Street, south of 1st Street
View more facts & features

Local Los Angeles Agent

Sale History for 113 S Mathews St

Last sold for $175,000 on January 31st, 2001

  • July, 2024

  • Jul 9, 2024

    Date

    Active

    CRMLS: 24413941

    $1,195,000

    Price

  • April, 2022

  • Apr 25, 2022

    Date

    Price Change

    CRMLS: PW22083695

    $1,600,000

    Price

  • Apr 25, 2022

    Date

    Active

    CRMLS: PW22083695

    $160,000

    Price

  • Listing provided courtesy of CRMLS

    MOTIVATED SELLERS!! Bring your best offer!! Beautiful Spanish Architecture with lots of beautiful details throughout the front and back building. The Front unit has 5 units and there is a duplex in the back with a spacious yard in between the two buildings and along the sides of the duplex. The property includes two 2 car garages, currently rented out too. The exterior of the property was painted less than 2 years ago. You can convert the garages to ADUs, 1 is a typical 2 car garage while the other has a 2 add'l room addition (like tandem parking) You have the possibility and space to convert this one to a much bigger 1 bedroom unit. Great upside possibility, one the units are renovated and rented out at market rates. Conveniently located within walking distance to an array of stores and restaurants on 1st street and Soto and has good access to transportation; from the Metro station on 1st and Soto to the Metro bus stops all around the area. A new park is being built on Mathews, lots of new construction is going on around this area including new buildings in Roosevelt High School and large apartment buildings on 1st Street and newer construction currently being built on Soto Street. Be a part of the change and revitalization now taking place in this area...

  • January, 2001

  • Jan 31, 2001

    Date

    Sold (Public Records)

    Public Records

    $175,000

    Price

Show More

Tax History for 113 S Mathews St

Assessed Value (2020): $241,102
Year Land Value Improved Value Assessed Value
2020 $88,723 $152,379 $241,102

Home Value Compared to the Market

This property vs the competition

113 S Mathews St is listed 0.42% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $223.87 per/sqft which puts the price per square foot 70.85% lower than the median price per square foot for the city of Los Angeles.

About 113 S Mathews St

Detailed summary of property

113 S Mathews St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 8 bedrooms, 7 bathrooms, roughly 5,338 living square feet, and sits on an approximately 7,974 square foot lot. 113 S Mathews St was first listed on ArdentRealEstateGroup.com on July 11, 2024. The homeowner is currently asking $1,195,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0.42% lower than the median priced home. Local competing homes currently for sale include 2828 E Lanfranco St, 531 Brittania St and 608 N Breed St. While the average home in Los Angeles, CA is selling in 106 days, 113 S Mathews St has a days on market of 66 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 113 S Mathews St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 113 S Mathews St

Public county record property details
Beds
7
Baths
8
Year built
1913
Sq. Ft.
5,338
Lot Size
7,971
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5180-003-024

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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