657 S Mathews, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

657 S Mathews, Los Angeles, California 90023 home-pic-0

657 S Mathews

Los Angeles, California 90023

ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,920Sq Ft
6,003Lot Size

Property Price

LIST PRICE$698,888

SUMMARY

Analysis of 657 S Mathews, Los Angeles, California 90023 is currently available with a list price of $698,888. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1924, this property is well-maintained for its age but remains largely dated. While it features a new roof (2023) and one unit has been refreshed with new carpet, paint, and kitchen flooring, the overall aesthetic—including the kitchen cabinetry, older appliances, and bathroom fixtures—reflects a property that has undergone periodic maintenance rather than a comprehensive modern renovation. It is functional and move-in ready for tenants but shows typical signs of age for a century-old building.

PROSSTRENGTHS & OPPORTUNITIES

  • High Income Potential

    This quadruplex features separately metered gas and electricity for each unit and includes a vacant unit, allowing for immediate owner-occupancy or market-rate rental income.

  • Recent Capital Improvements

    The property boasts a new roof installed in 2023 and one unit has been recently refreshed with new flooring, paint, and carpet, reducing immediate maintenance needs.

  • Dedicated Parking

    Unlike many older multi-family properties in Los Angeles, this asset provides a detached one-car garage for every unit, significantly increasing tenant appeal and rental value.

CONSRISKS & DEFICIENCIES

  • Restrictive Showing Terms

    The 'drive-by only' requirement and the stipulation that the property will only be shown after an acceptable offer is received may deter traditional buyers and complicate the due diligence process.

  • As-Is Condition

    Built in 1924 and sold strictly as-is with no seller repairs, the property likely requires additional capital for long-term structural or system updates typical of century-old buildings.

About 657 S Mathews

Excellent Investment Opportunity in the Heart of Los Angeles! Don’t miss this rare opportunity to own a low-maintenance, income-producing property in a prime location. Ideal for Owner occupant, seasoned investors or buyers seeking stable, long-term residual income, this turnkey asset offers immediate cash flow with strong upside potential. Property Highlights: • Income-producing units • Each unit separately metered for gas and electricity • One shared water meter • Detached 1-car garage for each unit • New roof installed in 2023 • One unit recently updated with new carpet, fresh paint, and new kitchen flooring • Vacant unit ready for owner-occupancy or new tenant. This property presents an excellent opportunity for immediate rental income and long-term appreciation in one of Southern California’s most desirable market. Whether you’re expanding your portfolio or entering the real estate market for the first time, this is an opportunity you don’t want to miss. ________________________________________ Showing & Offer Instructions: • No sign on property • Please do not disturb occupants • Drive-by only — do not walk on property • Property will be shown only after receipt of a acceptable offer _______________________________________ Important Disclosures: Agent, broker and seller do not guarantee the accuracy of the information provided. Buyers are advised to conduct their own due diligence. Property is being sold as-is with no repairs and no guarantees.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1924
Lot Size
6,003 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot1,9201,802.5
58%
Lot Size6,0035,918.5
50%
Price$698.9K$684.4K
50%
Price per sq ft$364$368
50%
Built year19241923
75%
HOA$0$0
50%
Days on market14166
8%

Pricing History

Listed for Sale

Feb 20, 2026

$698,888

Initial Listing

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