657 S Mathews St Los Angeles, CA 90023
Estimated payment $4,346/month
Total Views
1,906
4
Beds
4
Baths
1,920
Sq Ft
$411
Price per Sq Ft
Highlights
- No Units Above
- No HOA
- 1-Story Property
- Felicitas and Gonzalo Mendez High Rated A-
- Neighborhood Views
About This Home
Excellent Investment Opportunity in the Heart of Los Angeles!
Don't miss this rare chance to own a low-maintenance income property. Perfect for both seasoned investors and those seeking stable, long-term residual income.
Property Highlights:
4 Income-Producing Units.
Total Living Space: 1,920 sq ft
Lot Size: 6,003 sq ft.
Each Unit Separately Metered for Gas & Electricity.
One Water Meter.
Each Unit Includes a Detached 1-Car Garage.
New Roof Installed in 2023.
Sold As-Is. No repairs.
This is a turnkey investment offering immediate rental income and long-term value appreciation. Located in a prime area of Los Angeles, the property ensures steady demand and high occupancy.
Whether you're expanding your portfolio or stepping into real estate for the first time, this is a golden opportunity you can't afford to miss.
No Sign on the property.
Do Not Disturb Occupants. Tenants unaware of the sale. Do not walk the property. Drive by only.
Listing Agent
Haas Realty & Prop. Management Brokerage Phone: 626-755-3249 License #01272335 Listed on: 08/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $959
Year Built
- Built in 1924
Lot Details
- 6,003 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- On-Street Parking
Home Design
- Quadruplex
- Common Roof
- Stucco
Interior Spaces
- 1,920 Sq Ft Home
- 1-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 9 / B
- Tax Tract Number 4887
- Assessor Parcel Number 5185027022
- $435 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,800
- Trash Expense $1,200
- Water Sewer Expense $1,200
- Operating Expense $4,200
- Gross Income $30,120
- Net Operating Income $25,920
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $959 | $44,549 | $20,804 | $23,745 |
| 2024 | $959 | $43,677 | $20,397 | $23,280 |
| 2023 | $948 | $42,822 | $19,998 | $22,824 |
| 2022 | $918 | $41,983 | $19,606 | $22,377 |
| 2021 | $897 | $41,161 | $19,222 | $21,939 |
| 2019 | $880 | $39,942 | $18,652 | $21,290 |
| 2018 | $796 | $39,160 | $18,287 | $20,873 |
| 2016 | $744 | $37,641 | $17,578 | $20,063 |
| 2015 | $737 | $37,076 | $17,314 | $19,762 |
| 2014 | $768 | $36,350 | $16,975 | $19,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $789,000 | -- | $411 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Commerce Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25182951
APN: 5185-027-022
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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