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Sold for $1,300,000 on 03/28/25
  • Listing Provided by: 

    Verzhine "Gina" Uzunyan DRE #00984953 818-521-8088,

    Koenig Properties,

    Edgar Koenig DRE #00831815,

    Ed Koenig IRE

    Bought with: Koenig Properties
    $1,300,000

    119 N Mathews St, Los Angeles, CA 90033

    2beds
    2baths
    1,440sqft
    Duplex
    Built in 1922
    -- sqft lot
    $1,039,400 Zestimate®
    $903/sqft
    $2,871 Estimated rent

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    $2,871/mo

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    $8,095/mo

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    $8,095/mo

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    What's special

    Bldg SqFt, 1440 Lot Size, 8841.6 sqft Zone, R3 TOC, Tier 4 Current Build Assumptions: 11 Units by right (R3) 19.85 Units (w/R3 + TOC Tier 4, 80% bonus) Investors, Developers, & Builders! Hard to find 8,841 sqft lot of R3 property in prime location with a TOC-Tier 4 designation. One block from Soto and 1st Street, currently a vacant 1440 sqft duplex converted into a single unit, previously owner occupied for over 30 years, consisting of two, 730 sqft, 1 bedroom + 1 bath. This lot is right-smack-dab in the middle of the soon to be implemented Boyle Heights Community Plan update. With the current zone assumptions, you can build 11 units by right, and 19.85 utilizing the TOC Tier 4 (80% bonus) designation. The property features a two-car garage, storage/workshop and has an alley way on the south and west sides of the property. Plenty of possibilities. PRIME AREA OF BOYLE HEIGHTS, Central Location - minutes away from Downtown LA, the new 6th LA Bridge, Cal State LA, Schools, Restaurants, Parks, near all major freeways and LAC-USC Hospital. Excellent Opportunity for either Owner User, Development opportunity, either add ADU’s or potential build from the ground up.

    Zillow last checked: 8 hours ago

    Listing updated: January 26, 2024 at 04:02pm

    Listing Provided by:

    Verzhine "Gina" Uzunyan DRE #00984953 818-521-8088,

    Koenig Properties,

    Edgar Koenig DRE #00831815,

    Ed Koenig IRE

    Bought with:

    Verzhine "Gina" Uzunyan, DRE #00984953

    Koenig Properties

    Source: CRMLS,MLS#: SR23123312MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • None
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 1,440
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gated, On Site
    • Garage spaces: 2
    Features
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,842 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5180002009
    • Zoning: LAR3
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Submit
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    Estimated market value
    $1,039,400