CA > Los Angeles
Los Angeles, CA 90044,1311 W 89th ST
Los Angeles, CA 90044,1311 W 89th ST
Los Angeles, CA 90044,1311 W 89th ST
Los Angeles, CA 90044,1311 W 89th ST
Los Angeles, CA 90044,1311 W 89th ST
Los Angeles, CA 90044,1311 W 89th ST
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Realty One Group Success

Realty One Group Success

+1(661) 644-4969
$ 1,875,000
Est. payment | /mo

13 Beds

8 Baths

4,450 SqFt

Save
$ 1,875,000
Est. payment | /mo
Save

13 Beds

8 Baths

4,450 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $421

MLS Listing ID 24450445

Bedrooms 13

HOA Y/N No

Year Built 1963

Lot Size 6,163 Sqft

Property Description

We are pleased to present 1311 W 89th St, an 8-unit property located in the heart of Los Angeles. Operating at a 7.79% CAP and an 8.81 GRM on current rents, with potential upside to a 9.18% CAP and a 7.77 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1963 with a strong unit mix of 5 two-bedroom units and 3 one-bedroom units, with one 2-bedroom unit delivered VACANT. The property also features three 1-car garages in the front with three tandem spaces, plus carport spaces, and 5 tandem spaces in the rear accessible by alley, offering a plentiful parking on-site! This asset is located in close proximity to the 110 freeway as well as nearby retailers such as Ralphs, Chase Bank, Smart & Final, Superior Grocers as well as a number of other tenant amenities and conveniences.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Garage Carport

Attached Garage Yes

Total Parking Spaces 11

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6047007027

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 644-4969

patrick@rogsuccess.com

24251 Town Center Dr Suite 201, Valencia, California, 91355, United States

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1311 W 89th ST