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

657 S Mathews
Los Angeles, California 90023
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,920 | 1,802.5 | 58% |
| Lot Size | 6,003 | 5,918.5 | 50% |
| Price | $698.9K | $684.4K | 50% |
| Price per sq ft | $364 | $368 | 50% |
| Built year | 1924 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 166 | 8% |
Pricing History
Listed for Sale
Feb 20, 2026
$698,888
Initial Listing


















