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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$1,770,000

$1,875,000

5.6%
Est.Price: ?

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Est. payment /mo

13 Beds

8 Baths

4,450 SqFt


SOLD DATE : 12/03/2024

Key Details

Sold Price $1,770,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $397

MLS Listing ID 24450445

Sold Date 12/03/24

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

Parking Features 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

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

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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