209 N Mathews,Los Angeles, CA 90033
Los Angeles, CA 90033
Description
209 North Mathews Street presents 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.
Details
| MLS # | PW26132458 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 64 |
| Listing Provided By | Steven M. Bogoyevac, Broker | Steven Bogoyevac |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.20 |
| Property View | None |
Exterior
| Lot Features | Rectangular Lot |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,700,000 low | high Med: $1,100,000 On site: 64 low | high Med: 27 | |
Market Activity 90033
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,700,000 low | high Med: $1,100,000 On site: 64 low | high Med: 27 | |
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